Australian market set to open flat

The Australian market looks set to open flat following lacklustre performances on international markets amid lowered expectations for global economic growth.

At 0645 AEST on Wednesday, the share price index was up one point at 5,411.

Locally, in economic news on Wednesday, the Westpac-Melbourne Institute Leading Indexes of Economic Activity and the Commonwealth Bank's business sales indicator for June are both due out.

In equities news, BHP is slated to release a fourth quarter and full-year production review.

In Australia, the market on Tuesday ran out of steam to close lower after eight straight sessions of gains.

The benchmark S&P/ASX200 index was down 7.2 points, or 0.13 per cent, at 5,451.3.

The broader All Ordinaries index was down 5 points, or 0.09 per cent, at 5,533.9 points.

Market Data

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