Australian market set to open lower

The Australian market looks set to open lower after falls on Wall Street following disappointing corporate results from several heavyweights.

At 0645 AEDT on Wednesday, the share price index was down 17 points at 5,406.

Locally, in economic news on Wednesday, the Australian Bureau of Statistics releases the consumer price index figures for the September quarter.

In equities news, Ardent Leisure Group's shares have slumped after four people were killed at its Dreamworld theme park on Wednesday.

Wesfarmers is expected to release first-quarter retail sales results.

Stockland is expect to give a trading update and has its annual general meeting, while Bradken, Dexus Property Group have annual general meetings scheduled for Wednesday.

And stock exchange operator ASX's deputy chief executive Peter Hiom is expected to be at the AICC llunch in Sydney.

In Australia, the market on Tuesday closed higher, led by the financial sector, as investors start to feel bullish ahead of earnings reports from three of the big four Australian banks.

The benchmark S&P/ASX200 index rose 34.3 points, or 0.63 per cent, to 5,442.8 points.

The broader All Ordinaries index gained 34.2 points, or 0.62 per cent, to 5,523.3 points.

Market Data

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