Australia Markets closed

Australian market set for postive start

The Australian sharemarket is likely to open marginally higher as world markets posted small gains overnight as investors monitor budget negotiations in the United States.

At 0700 AEDT on Tuesday, the December share price index futures contract was 10 points higher at 4,577.

In local economic news, National Australia Bank releases its monthly business survey for November.

In company news, Woodside chief executive Peter Coleman is among the speakers at an Australian Petroleum Production and Exploration Association seminar in Perth.

The market edged higher on Monday as upbeat Chinese data helped lift resource stocks.

The benchmark S&P/ASX200 index added 6.1 points, or 0.13 per cent, to 4,557.9 points and the broader All Ordinaries index gained 6.5 points, or 0.14 per cent, to 4,562.4 points.