Shares in Australia are set to open at a lower value this Thursday, with a dip also expected for local miners as investors keep an eye out for the U.S.

Federal Reserve’s January policy meeting, which includes potential insights into prospective interest rate cuts.

The local share price index futures (ASX:YAPcm1) saw a 0.3% reduction, which is a 66.4 point discount compared to the basis of the S&P/ASX 200 index (ASX:AXJO).

This followed Wednesday’s closing of 0.7% below its initial value for the benchmark.

Furthermore, the S&P/NZX 50 index in New Zealand experienced a marginal dip of 0.1% to bring its starting trade value to 11,575.87.

S&P/ASX 200 Index (ASX:AXJO) is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange.