Australia shares to tick lower; NZ flat

Australia shares to tick lower; NZ flat

Reuters  | Oct 13, 2017 08:10

Australia shares to tick lower; NZ flat

Oct 13 (Reuters) - Australian shares are set to edge down on Friday, tracking a weaker overnight lead-in from Wall Street, while materials stocks are expected to fall on softer commodity prices.

Wall Street ended down on Thursday as bank stocks stumbled, with results from JPMorgan Chase & Co (NYSE:JPM) JPM.N and Citigroup (NYSE:C) C.N stoking concerns about consumer credit. .N

The local share price index futures YAPcm1 fell 2 points to 5,766.0, a 28.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.4 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.01 percent in early trade.

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