Australian market set to open flat

The Australian market looks set to open flat following a poor performance on Wall Street where a bounce in Apple failed to offset concerns that the US Federal Reserve could raise interest rates sooner rather than later.

At 0645 AEST on Tuesday, the share price index was down four points at 5,332.

Locally, in economic news on Tuesday, Reserve Bank of Australia governor Glenn Stevens is slated to speak at a Trans-Tasman Business Circle function in Sydney, while the ANZ-Roy Morgan weekly consumer confidence survey is due out.

In equities news, Boart Longyear holds its annual general meeting in Adelaide.

In Australia, the market on Monday closed lower, weighed down by mining and banking stocks.

The benchmark S&P/ASX200 index was down 32.4 points, or 0.61 per cent, at 5,318.9 points.

The broader All Ordinaries index was down 30.3 points, or 0.56 per cent, at 5,384.9 points.

Market Data

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