(Updates to close)
SYDNEY, July 26 (Reuters) - Australian and New Zealand share markets barely moved on Tuesday, initially tracking commodity prices and global markets lower earlier in the day before rebounding to close up slightly.
The S&P/ASX 200 index .AXJO edged up 0.07 percent, or 3.94 points, to end at 5537.50.
New Zealand's benchmark S&P/NZX 50 index .NZ50 eased off slightly by 0.9 percent, or 6.92 points, to finish the session at 7310.39.