Australian market set to open flat

The Australian market looks set to open flat after Wall Street fell as oil price declines weighed on energy shares and Apple dragged on the market.

At 0645 AEST on Monday, the share price index was down four points at 5,142.

Locally, in economic news on Monday, the Australian Bureau of Statistics will release new motor vehicles sales data for March.

No major equities news is expected.

In Australia, the market on Friday closed higher for a fourth consecutive day, thanks to gains in resource giants BHP Billiton and Woodside Petroleum, plus retailers Wesfarmers and Woolworths.

The benchmark S&P/ASX200 index was up 38.9 points, or 0.76 per cent, at 5,157.5 points.

The broader All Ordinaries index was up 36.4 points, or 0.7 per cent, at 5,224.1 points.

Market Data

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