Australian market set to open flat

The Australian market looks set to open flat following a mixed performance on Wall Street overnight.

At 0647 AEST on Friday, the September share price index futures contract was down four points at 5,313.

The Dow Jones Index in New York was up 5.74 points, while the broader S&P 500 was down 2.66 points as anxiety from China's currency devaluations that rattled markets earlier in the week dissipated.

Locally on Friday, Reserve Bank assistant governor for economics Christopher Kent gives a speech on recent labour market developments at an Economic Society of Australia lunch in Brisbane.

In equities news, Automotive Holdings, Australia's largest car and truck retailer, releases its full year results and building products company James Hardie's first quarter results are also due out.

In Australia, the market on Thursday finished slightly higher despite a late afternoon sell off.

The benchmark S&P/ASX200 index was 5.8 points, or 0.11 per cent, higher at 5,387.9.

The broader All Ordinaries index was up 5.5 points, or 0.1 per cent, at 5,389.0.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7032+0.0017+0.24%
    AUDUSD=X
    0.4592+0.0009+0.19%
    AUDGBP=X
    0.6233+0.0031+0.50%
    AUDEUR=X