Australian market preview

The Australian stock market looks set to open lower after a negative finish on Wall Street.

At 0710 AEST on Friday, the June share price index futures contract was 12 points lower at 4,920 points, with 4,431 contracts traded.

In New York on Thursday, the Dow Jones Industrial Average fell 0.56 per cent to 14,537.14 points, while the broad-based S&P500 slid 0.67 per cent to 1,541.61 points.

Meanwhile, the tech-heavy Nasdaq Composite Index ended down 1.2 per cent at 3,166.36.

In economics news on Friday, the Commonwealth Bank business sales indicator for March is due for release.

Also, the Australian government will auction $600 million of June 2016 Treasury Bonds.

In companies news, Hills Holdings holds a shareholder meeting on the company's restructure plans.

Meanwhile, Lynas Corp and Santos are due to release their quarterly production reports.

On Thursday, the benchmark S&P/ASX200 index fell 1.6 per cent to 4,924.4 points, while the broader All Ordinaries finished 1.65 per cent lower at 4,911.3 points.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.8010+0.0159+2.03%
    AUDUSD=X
    0.5228+0.0073+1.42%
    AUDGBP=X
    0.7305+0.0093+1.28%
    AUDEUR=X