Australia shares likely to inch lower, NZ stocks fall
Nov 2 (Reuters) - Australian shares are expected to open lower on Monday, with miners likely to be pressured by the recent weakness in copper prices, while investors brace for the possibility of a fifth interest rate hike this year on Tuesday.
The local share price index futures fell 0.05%, a 4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 1.3% last week.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 fell 0.5% in early trade.