SYDNEY: The Australian market looks set to open higher after Wall Street rose with investors piling back into blue chips and tech stocks as a Federal Reserve report depicted steady US economic growth.
At 6.45am (AEST), the September share price index futures contract was up 35 points at 5,085.
Locally, in economic news on Thursday, the Australian Bureau of Statistics releases July’s retail trade data, and international trade in goods and services figures for the same month.
The Australian Industry Group Australian Performance of Services Index (PSI) for August is due out, while Business Council chief executive Jennifer Westacott and Financial Services Council chief executive Sally Loane are speaking at an Australian Israel Chamber of Commerce lunch in Sydney.
Meanwhile, the three-day Africa Down Under Conference continues in Perth.
No equities news is expected on Thursday.
The local market finished in positive territory on Wednesday following a rally in China, but uncertainty on global markets continues.
The benchmark S&P/ASX200 index was up 5.1 points, or 0.1 per cent, at 5,101.5.
The broader All Ordinaries index rose 2.3 points, or 0.04 per cent, at 5,119.4.
