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Aust shares set to open 0.5% lower

AAP

The Australian share market looks set to open half a per cent lower.

The Australian share market looks set to ignore Wall Street's positivity and to open half a per cent lower.

At 0700 AEDT on Monday, the share price futures index was down 28 points, or 0.49 per cent, at 5,724.

In the US, equity markets rose close to 1.5 per cent on Friday despite sharp falls on key global indexes.

Asian markets sank more than four per cent on Friday, while Europe and London lost more than one per cent as volatility continued.

But US key indexes ignored their global peers' negativity and climbed, giving investors some solace after a week of huge swings that shook the market out of months of calm.

The Dow Jones Industrial Average rose 1.38 per cent, the S&P 500 gained 1.49 per cent, and the Nasdaq Composite added 1.44 per cent.

Locally, in economic news on Monday, the CoreLogic's capital city house prices survey for the week just ended is due to be released.

In equities news, Aurizon, Ansell, Bendigo and Adelaide Bank and JB Hi-Fi are among companies expected to release results.

The Australian market on Friday closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.

The benchmark S&P/ASX200 index fell 52.7 points, or 0.89 per cent, to 5,838.0, while the broader All Ordinaries index lost 57.7 points, or 0.96 per cent, to 5,937.5 points.

Meanwhile, the Australian dollar has regained some of its lost ground against the US dollar.

The local currency was trading at 78.12 US cents at 0700 AEDT on Monday, from 77.76 on Friday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 78.12 US cents, from 77.76 on Friday

* 85.00 Japanese yen, from 84.78 yen

* 63.79 euro cents, from 63.43 euro cents

* 56.55 British pence, from 55.76 pence

* 107.80 NZ cents, from 107.87 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,315.93 per fine ounce, from $US1,317.60 per fine ounce on Friday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 1.977pct, unchanged

* CGS 4.75pct April 2027, 2.8082pct, unchanged

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.15 (implying a yield of 2.85pct), from 97.145 (implying a yield of 2.855pct) on Friday

* March 2018 3-year bond futures contract at 97.875 (2.125pct), from 97.87 (2.13pct).

(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)