Australian market set to open flat

The Australian market looks set to open flat after Wall Street closed little changed as oil price falls weighed on energy stocks but biotech stocks put in a strong performance.

At 0645 AEST on Tuesday, the share price index was up two points at 5,493.

Locally, in economic news on Tuesday, the ANZ-Roy Morgan weekly consumer confidence survey is due out.

In equities news, Ainsworth Game Technology, Greencross, Healthscope, Specialty Fashion Group, Vocus Communications and Virtus Health are expected to post full-year results.

Caltex Australia, Oil Search and oOH! Media are slated to release half-year figures.

In Australia, the market on Monday closed lower amid mixed company earnings reports and a firmer expectation that the US central bank will lift its interest rate this year.

The benchmark S&P/ASX200 index was down 11.6 points, or 0.21 per cent, at 5,515.1 points.

The broader All Ordinaries index was down 13.1 points, or 0.23 per cent, at 5,612.3 points.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7663+0.0048+0.63%
    AUDUSD=X
    0.5796+0.0023+0.40%
    AUDGBP=X
    0.6785+0.0038+0.56%
    AUDEUR=X