Australian shares likely to edge down on recession fears; NZ up

Australian shares are set to open
marginally lower on Wednesday, tracking Wall Street peers, as a
rise in demand for short-term U.S. Treasuries underscored fears
of a global slowdown.
An inversion of the U.S. yield curve deepened overnight to
levels not seen since 2007, an infrequent occurrence that can
signal a recession ahead.
The local share price index futures slipped 0.2% to
6,420.0, a 51.2-point discount to the underlying S&P/ASX 200
index