June 7, 2018 / 10:13 PM / 5 months ago

Australian shares to fall slightly; NZ steady

    June 8 (Reuters) - Australian shares are expected to inch
lower on Friday, taking cues from Wall Street, which slid on
technology stocks, as investors turn to safer bets amidst global
trade tensions.
    U.S. Treasury prices extended gains, with trade disputes
between the United States and its major trade partners keeping
investors wary ahead of the Group of Seven (G7) summit.
           
    Losses in Australia's benchmark index         may be capped
by mining and energy stocks, which are likely to gain on higher
commodity and oil prices.                  
    The local share price index futures          fell 0.1
percent, a 3.3-point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.5 percent on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         climbed
marginally in early trade.

 (Reporting by Karthika Suresh Namboothiri in Bengaluru
Editing by James Dalgleish)
  
 
 
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