Australian market set to open flat

The Australian market looks set to open flat after Wall Street closed little changed in a shortened session a day after the Thanksgiving holiday.

At 0645 AEDT on Monday, the December share price index futures contract was unchanged at 5,207.

Locally, in economic news on Monday, the Reserve Bank of Australia releases financial aggregates for October while the Australian Bureau of Statistics releases business indicators for the September quarter.

Meanwhile, the TD Securities-Melbourne Institute inflation gauge for the month just ended is due out, as is the HIA New home sales figures for October.

In equities news, Metcash is expected to post results.

In Australia, the market on Friday closed in the red after a positive start, dragged back by the absence of a lead from US markets, and investor fatigue.

The benchmark S&P/ASX200 index was down 8.1 points, or 0.16 per cent, at 5,202.6 points.

The broader All Ordinaries index fell 8.3 points, or 0.16 per cent, to 5,251.4 points.

Market Data

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