May 18, 2017 / 10:08 PM / 8 months ago

Australia shares expected to have subdued start; NZ up

    May 19 (Reuters) - Australian shares are expected to have a
subdued start on Friday as political turmoil in the United
States raised uncertainty over President Donald Trump's agenda
and kept an index of global equity markets near a three-week
    Basic material stocks in the region may see some pressure
due to lower metal prices.                          
    The local share price index futures          was 0.05
percent, or 3 points, lower at 5,727, a 11.3-point discount to
the underlying S&P/ASX 200 index         close. 
    The benchmark closed down 0.8 percent in its previous
    New Zealand's benchmark S&P/NZX 50 index         was up
11.69 points, or 0.16 percent, to 7,383.45 at 2202 GMT. 
For a summary of overnight action across global markets, click
For a digest of the day's business stories in Australian 
newspapers, click on            

 (Reporting by Susan Mathew in Bengaluru)
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