AAP Finance

Australian shares to open slightly lower

By AAP Newswire

Australian shares are expected to dip when trading resumes this week, with investors feeling cautious as the market teeters near record highs.

The SPI200 futures contract was down 17 points, or 0.24 per cent, at 7049 at 0700 AEDT on Monday.

The Australian share market closed higher for a fourth day on Friday, and US shares ended the week mixed.

The Australian dollar was trading at 67.24 US cents at 0700 AEDT on Monday, up fro 67.18 US on Friday as the market closed.