Australian shares are set to open lower on Monday, weighed down by losses in miners and energy firms due to weak commodity prices, while investors await key economic data this week for cues on the country’s interest rate trajectory.

The local share price index futures (YAPcm1) slipped nearly 0.7%, a 59-point discount to the underlying S&P/ASX 200 index XJO close. The benchmark index rose 0.7% on Friday.

New Zealand’s benchmark S&P/NZX 50 index NZ50G fell 0.5% in early trade.