SYDNEY, May 5 (Reuters) - Australian shares look set to start weaker on Thursday as falling commodity prices weigh on miners, while concerns over global growth led Wall Street to a lower close.
The local share price index futures YAPcm1 fell 0.2 percent to stand at a 34-point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark fell 1.5 percent on Wednesday with miners under heavy pressure.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was down a fraction in early trade.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, click on
AU/CALL For a digest of the day's business stories in Australian newspapers, click on
PRESS/AUB
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