Australia shares seen trading flat as U.S. rate hike hovers

November 4, 2015 10:07 PM

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SYDNEY, Nov 5 Australian shares are expected to trade flat on Thursday as new suggestions of a December U.S. interest rate hike by the Federal Reserve keep the brakes on bargain hunting.

Overnight declines in the oil price and on Wall Street will likely add to the downward pressure. The local share price index futures were up 5.0 points at 5,222.0, a 21.3-point discount to the underlying S&P/ASX 200 index close, before the start of trading. The benchmark rose 3.1 points to 5,242.3 a...

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