Australian shares are set to inch lower on Thursday, despite gains on Wall Street, as looming recession fears and trade war concerns dampen risk sentiment in the market.
The energy index, however, may rise as oil prices climbed overnight after a larger-than-expected decline in US crude stockpiles helped ease worries about weakening oil demand.
The Australian share price index futures fell 0.1pc to 6,463.0, a 37.6-point discount to the underlying S&P/ASX 200 index close. Miners drove the benchmark's 0.5pc rise on Wednesday.
New Zealand's benchmark S&P/NZX 50 index rose 0.2pc at 10,649.74 in early trade.