Australian market set to open flat

The Australian market looks set to open flat after Wall Street's three main indices closed at record highs on Friday, helped by hunters for bargains in a post-election rally.

At 0645 AEDT on Monday, the share price index was unchanged at 5,514.

Locally, in economic news on Monday, the Australian Bureau of Statistics is due to release Setember quarter mineral and petroleum exploration data.

No major equities news is expected on Monday.

In Australia, the market on Friday hit a three month high thanks to demand for mining and energy stocks including BHP Billiton, Rio Tinto and Woodside Petroleum.

The benchmark S&P/ASX200 index rose 22.7 points, or 0.41 per cent, to 5,507.8 points.

The broader All Ordinaries index rose 21.5 points, or 0.39 per cent, to 5,570.5 points.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7453+0.0037+0.49%
    AUDUSD=X
    0.5860-0.0028-0.48%
    AUDGBP=X
    0.7000+0.0045+0.65%
    AUDEUR=X