Australian market set to open lower

The Australian market looks set to open lower after Wall Street retreated, pulled lower by materials and health care sectors weakness and amid nervousness over a possible upcoming interest rate rise.

At 0645 AEST on Thursday, the share price index was down nine points at 5,534.

Locally, in economic news on Thursday, The Australian Bureau of Statistics releases Labour Force figures for July, along with Assets and Liabilities of Australian Securities for the three months to June and the private new capital expenditure and expected expenditure for the same quarter.

In equities news, the Nine Network, Flight Centre, Woolworths, David Jones, Amcor, South32, Southern Cross Media, The Retail Food Group, Sims Metal Management and Mortgage Choice are among the companies expected to release full-year results.

In Australia, the market on Wednesday edged higher as gains by the banks and resources giants offset falls by Wesfarmers and Telstra amid a raft of earnings reports.

The benchmark S&P/ASX200 index was up 7.9 points, or 0.14 per cent, at 5,561.7 points.

The broader All Ordinaries index was up 6.5 points, or 0.12 per cent, at 5,653,6 points.

Market Data

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