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Australian shares expected to open steady, NZ rises

Published 11/07/2017, 08:15 am
Updated 11/07/2017, 08:20 am
© Reuters.  Australian shares expected to open steady, NZ rises
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July 11 (Reuters) - Australian shares are likely to open flat on Tuesday after the Dow Jones ended little changed as investors await Federal Reserve Chair Janet Yellen's testimony to the U.S. Congress.

Yellen's semi-annual testimony will be the highlight this week for investors looking for cues on further interest rate hikes. She will testify on Wednesday and Thursday. .N

The local share price index futures YAPcm1 was down 0.018 percent to 5,676.0.

The benchmark .AXJO rose 0.4 percent to 5,724.4 on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3 percent in early trade.

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