June 8 (Reuters) - Australian shares are expected to inch lower on Friday, taking cues from Wall Street, which slid on technology stocks, as investors turn to safer bets amidst global trade tensions.
U.S. Treasury prices extended gains, with trade disputes between the United States and its major trade partners keeping investors wary ahead of the Group of Seven (G7) summit. MKTS/GLOB
Losses in Australia's benchmark index .AXJO may be capped by mining and energy stocks, which are likely to gain on higher commodity and oil prices. IRONORE/ MET/L
The local share price index futures YAPcm1 fell 0.1 percent, a 3.3-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.5 percent on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 climbed marginally in early trade.