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Australia shares to open lower, NZ slips

Published 25/08/2017, 08:10 am
© Reuters.  Australia shares to open lower, NZ slips
AXJO
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Aug 25 (Reuters) - Australian shares are likely to open slightly lower on Friday, tracking a dip on Wall Street as investors remained cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming.

While energy stocks may take a hit after a fall in oil prices, miners are expected to provide the index some support, backed by strong metal prices. MET/L IRONORE/ O/R .N

The local share price index futures YAPcm1 fell 0.1 percent or 4 points to 5,708, a 37.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.2 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.1 percent or 6.34 points to 7,862.07 at 2209 GMT.

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