Australia shares set for quiet start; NZ slightly up

July 14 (Reuters) – Australian shares were expected to cool
off at open on Friday as the rally after Federal Reserve Chair
Janet Yellen’s statements to gradually raise interest rates
started fading.
Wall Street edged marginally higher on Thursday ahead of
profit reports due Friday from several big U.S.
banks.
The local share price index futures fell 0.2
percent to 5680, a 56.8 point discount to the underlying S&P/ASX
200 index close.
The benchmark rose 1.1 percent to close at 5,736.80 on
Thursday.
New Zealand’s benchmark S&P/NZX 50 index rose 0.005
percent in early trade.

(Reporting by Chandini Monnappa in Bengaluru)

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