Australian market set to open flat

The Australian market looks set to open flat after Wall Street rose as the minutes from the Federal Reserve's last policy meeting show a split on the timing of a US interest rate rise.

At 0645 AEST on Thursday, the June share price index futures contract was up five points at 5,964.

In local economic on Thursday, the Australian Industry Group/Housing Industry Association performance of construction index (PCI) for March is due out as is the ANZ's monthly interest rate review.

Meanwhile, the tax inquiry continues in Canberra with evidence from Treasury, ASIC, Business Council and accounting giants.

No major equities news is expected but the Australian Institute of Company Directors launches an initiative to increase number of women on company boards.

In Australia, the market on Wednesday closed higher, boosted by stronger iron ore and crude oil prices.

The benchmark S&P/ASX200 index was up 34.7 points, or 0.59 per cent, at 5,960.7.

The broader All Ordinaries index was up 35.1 points, or 0.6 per cent, at 5,928.3.

Market Data

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