Trading is expected to be subdued due to lack of cues from Wall Street, which was closed for the Independence Day holiday on Thursday.

The local share price index futures fell 0.03pc, or 2 points, a 58-point discount to the underlying S&P/ASX 200 index close.

The benchmark firmed 0.5pc on Thursday.

New Zealand's benchmark S&P/NZX 50 index rose 0.1pc in early trade.