Australia shares set to open lower; NZ falls

Australian shares are expected to edge
lower early on Tuesday, tracking global sentiment, as relief
over Moody’s decision to keep Italy’s sovereign rating outlook
stable as well as economic stimulus in China proved short-lived.
The relief rally in Italy subsided with analysts citing
concerns that Moody’s might be willing to cut the outlook to
negative during the course of next year.
Beijing’s planned tax cuts for next year will likely exceed
the extent