Australian market set to open higher

The Australian market looks set to open higher, despite a mixed lead from Wall Street where the Dow was dragged lower on a disappointing Procter & Gamble earnings report.

At 0645 AEST on Friday, the September share price index futures contract was up 10 points at 5,624.

In local economic news on Friday, Reserve Bank of Australia is due to release financial aggregates for June while the Housing Industry Association trades report for the March quarter is also due out.

In equities news, Origin Energy and Paladin Energy June are expected to release quarterly production results while Resmed is slated to release full year results.

Meanwhile, the Federal court ruling on whether banks should disclose the level of carbon emissions they finance is expected.

In Australia, the market on Thursday higher after a bounce in the iron ore price.

The benchmark S&P/ASX200 index was 45.3 points, or 0.81 per cent, at 5,669.5.

The broader All Ordinaries index was up 43.5 points, or 0.78 per cent, at 5,653.1.

Market Data

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