The Australian share market is set for a relatively flat start despite Wall Street's rise to a new record high.
Strong gains in US home prices and consumer confidence pushed the the Dow Jones Industrial Average to 15,409.39, its highest ever level.
But the local June share price index futures contract was down three points at 4,962 points at 0652 AEST.
The local market posted a slight gain on Tuesday, ending a five-day run of losses.
In economic news on Wednesday, Westpac and the Melbourne Institute release their leading indexes of economic activity.
The Australian Bureau of Statistics releases construction work done figures for the March quarter, and the Housing Industry Association publishes new home sales data for April.
In company news, Westfield Group holds its annual general meeting in Sydney.
Gaming machine maker Aristocrat releases its first half results, and Programmed Maintenance Services will issue its full year results.
Wesfarmers is holding a strategy briefing day for investors.
On Tuesday, The benchmark S&P/ASX200 index added 10.8 points, or 0.22 per cent, to 4,970.7 points and the All Ordinaries index gained 12 points, or 0.24 per cent, to 4,950.6.
