Australian shares expected to open lower, NZ down

By Reuters News

Oct 14 (Reuters) - Australian shares were set to slip on Wednesday, as weaker underlying metal prices weighed on miners, while inflation concerns flagged in the minutes of the Reserve Bank of Australia's September meeting kept investors cautious.

The local share price index futures fell 0.3%, a 4.1-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed flat on Tuesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.7% to 13,654.73 points by 2121 GMT.

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