Australian market set to open flat

The Australian market looks set to open flat after the Dow Jones and S&P 500 fell slightly in a choppy session as investors digested the latest round of earnings reports.

At 0645 AEDT on Friday, the share price index was down one point at 5,424.

Locally, no major economic news is expected on Friday.

In equities news, Qantas, IAG, Event Hospitality and Healthscope have annual general meetings scheduled.

Brazilian prosecutors have charged 22 Samarco employees, most with qualified homicide, over the fatal tailings dam collapse at a mine part-owned by BHP Billiton.

In Australia, the market on Thursday rose modeslty, with gains in the resources sector offseting losses from retail, health and telco ssectors.

The benchmark S&P/ASX200 index rose 6.7 points, or 0.12 per cent, to 5,442.1 points.

The all Ordinaries lifted 7.8 points, or 0.14 per cent, to 5,526.2 points.

Market Data

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