SYDNEY, July 20 (Reuters) - Australian shares look poised for a cautious start on Wednesday after Wall Street pulled back from record highs overnight amid lowered expectations for global growth.
The local share price index futures YAPcm1 was barely changed at 5,411 points, a 40.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ran out of steam on Tuesday to end slightly lower after eight straight sessions of gains.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.3 percent or 19.11 points to 7,135.7, still near a record high of 7,154.8.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB