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Nov 14 (Reuters) – Australian shares are set for a firm start on Monday, extending on sharp gains logged in the prior session as cooler-than-expected inflation in the United States sparked speculation of a pivot in the Federal Reserve’s aggressive tightening stance. The local share price index futures rose 0.6%, a 46-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 2.8% higher on Friday. New Zealand’s benchmark S&P/NZX 50 index was largely unchanged 11,316.680 points in early trade . (Reporting by Echha Jain in Bengaluru; editing by Diane Craft)