PERTH: The Australian market looks set to open lower after US shares mainly fell with a drop in oil prices weighing on energy stocks and limiting gains.
At 0645 AEDT on Thursday, the December share price index futures contract was down 12 points at 5,116.
Locally, in economic news on Thursday, the Australian Bureau of Statistics releases October’s labour force figures.
In equities news, Graincorp is expected to post full year results.
Ramsay Health, Seven West Media, Brambles, Novogen, Inabox Group, REA Group, Treasury Wine Estates, Aurizon, Mirvac, Sims Metal Management and Wesfarmers all have annual general meetings scheduled.
In Australia, the market on Wednesday closed higher but gains were crimped as investors held back ahead of a flurry of Chinese economic data.
The benchmark S&P/ASX200 index was up 23.4 points, or 0.46 per cent, at 5,122.6 points.
The broader All Ordinaries index was up 23.4 points, or 0.45 per cent, at 5,181 points.
