Australian market set to open higher

The Australian market looks set to open higher with Wall Street mixed but European stocks lifting to a three-week high amid rising oil prices.

At 0645 AEDT on Thursday, the share price index was up 12 points at 5,454.

Locally, in economic news on Thursday, the Reserve Bank of Australia releases the index of commodity prices while the Australian Bureau of Statistics' September quarter private new capital expenditure and expected expenditure is due out.

The Australian Industry Group performance of manufacturing (PMI) index for November is due out.

In equities news, Nufarm has its annual general meeting in Melbourne.

In Australia, the market on Wednesday closed lower thanks to steep falls across the mining and energy sectors.

The benchmark S&P/ASX200 index fell 17 points, or 0.31 per cent, to 5,440.5.

The broader All Ordinaries index lost 18.1 points, or 0.33 per cent, to 5,502.4 points.

Market Data

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