Australian market set to open lower

The Australian market looks set to open lower following falls on Wall Street which dipped from record highs following mixed earnings reports.

At 0645 AEDT on Thursday, the March share price index futures contract was down 16 points at 5,902.

In local economic news on Thursday, the Australian Bureau of Statistics is due to release private new capital expenditure and expected expenditure data for the December quarter, along with average weekly time earnings for the six months to November.

In equities news, Sydney Airport is slated to post full year results.

Qantas, Nine Entertainment, Billabong International, Ramsay Health Care, Transfield Services, Perpetual, Blackmores and Ausdrill are expected to release half year results.

Meanwhile, Goodman Fielder has an extraordinary meeting on its takeover proposal.

In Australia, the market on Wednesday edged to yet another seven-year high despite major stocks falling as they traded without dividends.

The benchmark S&P/ASX200 index was up 17.9 points, or 0.3 per cent, at 5,944.9 points.

The broader All Ordinaries index was up 18.6 points, or 0.32 per cent, at 5,908.6.

Market Data

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