Australian market set to open higher

The Australian market looks set to open higher after Wall Street ended mainly slightly higher as fears eased that the Federal Reserve would strongly signal it would raise interest rates in June.

At 0645 AEST on Thursday, the share price index was up 50 points at 5,204.

Locally, in economic news on Thursday, the Australian Bureau of Statistics releases international trade price indexes for the March quarter.

In equities news, Stockland is expected to release its third quarter trading update.

In Australia, the market on Wednesday closed lower with the big banks dragging the bourse downward on a sudden increase in the chances of an interest rate cut.

The benchmark S&P/ASX200 index fell 32.9 points, or 0.63 per cent, to 5,187.7 points.

The broader All Ordinaries index shed 32.7 points, or 0.62 per cent, to 5,250.9.

Market Data

  • Currencies
    NamePriceChange% Chg