Australia shares set to fall, NZ slips

By Reuters News

Oct 15 (Reuters) - Australian shares were expected to fall on Thursday, likely hurt by commodity stocks dampened by weakening underlying metal prices, while hotter-than-expected US inflation data stoked concerns that interest rates could remain elevated for longer.

The local share price index futures fell 0.2%, a 3.9-point discount to the underlying S&P/ASX 200 index .AXJO close, after ending 0.6% lower on Wednesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2% to 13,726.91 points by 2150 GMT.

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