Shares set to open lower as global unease persists

By Mark Mulligan
Updated April 19 2015 - 9:08pm, first published 8:37pm
A record low of 2.7 per cent in annual growth in wages played on the Australian sharemarket on Thursday. Photo: Gabrielle Charotte
A record low of 2.7 per cent in annual growth in wages played on the Australian sharemarket on Thursday. Photo: Gabrielle Charotte

Australian shares are expected to open sharply lower on Monday as the United States inflation fears, crackdown on margin trading in China and renewed concerns about Greece that drove Friday's global sell-off persist into a second week. The most important domestic cues for local investors and traders this week include minutes of the Reserve Bank of Australia's April policy meeting, a speech by governor Glenn Stevens in New York, and CPI rates for the first quarter.