Australian market set to open lower

The Australian market looks set to open lower after Wall Street mainly fell with a stronger US dollar dealing a blow to fresh first-quarter results.

At 0645 AEST on Wednesday, the June share price index futures contract was down 21 points at 5,856.

In local economic news on Wednesday, the Australian Bureau of Statistics releases the March consumer price index, while the Westpac-Melbourne Institute Leading Indexes of Economic Activity is also due out.

The chair of the Competition Policy Review panel, Ian Harper, speaks at Macquarie University lunch.

In equities news, NAB's Wealth Andrew Hagger is slated to speak at an American Chamber of Commerce lunch in Sydney.

BHP Billiton and Petsec Energy are expected to release quarterly results, while Asaleo Care has its annual general meeting.

In Australia, the market on Tuesday closed higher as positive offshore leads outweighed concerns about the local economy.

The benchmark S&P/ASX200 index was up 39.2 points, or 0.67 per cent, at 5,872.3.

The broader All Ordinaries index was up 37.2 points, or 0.64 per cent, at 5,844.0.

Market Data

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