Australian shares dipped on Friday and looked set to end the week little changed following a subdued performance by Wall Street and as local earnings reports remained mixed.
But trade was cautious ahead of a speech by Federal Reserve Chair Janet Yellen later in the day.
Markets are hoping for some clarity on whether the Fed might hike interest rates in September or even December, but it is far from clear Ms Yellen will oblige them. The subject of the speech is the Fed's policy toolkit and is expected to be longer term in outlook.
The S&P/ASX 200 index was down a slim 0.2 per cent, or 10.4 points, at midday at 5,531.5. For the week, the benchmark was up a bare 0.1 per cent.
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But trade was cautious ahead of a speech by Federal Reserve Chair Janet Yellen later in the day.
Markets are hoping for some clarity on whether the Fed might hike interest rates in September or even December, but it is far from clear Ms Yellen will oblige them. The subject of the speech is the Fed's policy toolkit and is expected to be longer term in outlook.
The S&P/ASX 200 index was down a slim 0.2 per cent, or 10.4 points, at midday at 5,531.5. For the week, the benchmark was up a bare 0.1 per cent.
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