Australian market set to open flat

The Australian market looks set to open flat after a lacklustre finish on Thursday and an unriveting performance on Wall Street where stocks lifted slightly.

At 0645 AEDT on Friday, the share price index futures contract was down two points at 5,888.

In local economic news on Friday, the Australian Industry Group/Housing Industry Association releases its performance of construction index (PCI) for February while the HIA trades report for the December quarter is also due out.

No major equities news is expected.

Meanwhile, fderal Treasurer Joe Hockey attends the AICD Leaders' Edge Lunch.

In Australia, the market on Thursday closed flat, as consumer related stocks led an afternoon recovery on a rise in retail spending during January.

The benchmark S&P/ASX200 index was up 2.6 points, or 0.04 per cent, at 5,904.2.

The broader All Ordinaries index rose 2.2 points, or 0.04 per cent, at 5,873.7..

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7779-0.0038-0.49%
    AUDUSD=X
    0.5102-0.002-0.38%
    AUDGBP=X
    0.7053-0.0002-0.03%
    AUDEUR=X