Australia shares likely to open lower, NZ slips

May 13 (Reuters) – Australian shares are expected to open marginally lower on Friday amid a volatile market as major Wall Street indexes seesawed on fears of a global recession and commodity prices slipped on demand outlook worries.

The local share price index futures YAPcm1 fell 0.1%, a 30-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1.8% on Thursday.

New Zealand’s benchmark S&P/NZX 50 index .NZ50 fell 0.2% to 11,156.59 in early trade.

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

For more information on DIARIES & DATA:
 U.S. earnings diary  RESF/US  
 Wall Street Week Ahead   .N/O
 Global Economy Week Ahead DATA/
................................................................
For latest top breaking news across all markets          NEWS1