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Australia shares likely to open lower, NZ slips

May 12, 2022By 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))

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This article originally appeared on reuters.com

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