PERTH: The Australian market looks set to open higher after a mixed performance on Wall Street amid cautious trading as nervous investors sought low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border.
At 0645 AEDT on Wednesday, the December share price index futures contract was up 14 points at 5,244.
Locally, in economic news on Wednesday, Reserve Bank of Australia assistant governor for financial markets Guy Debelle is slated to speak in London.
The Australia Bureau of Statistics releases September quarter figures for construction work done.
Meanwhile, the Standard & Poor analyst panel Q&A of local banking sector is on in Sydney.
In equities news, Australian Ag Company is expected to post half year results while Aristocrat Leisure, Goodman Group, Beach Energy and Phylogica have their annual general meetings.
Meanwhile, Asciano chief executive John Mullen is slated to give a speech at an AMCHAM event in Melbourne.
In Australia, the market on Tuesday closed nearly one per cent lower, dragged down by the major banks and continued weakness in the resources sector due to lower commodity prices.
The benchmark S&P/ASX200 index was down 50 points, or 0.95 per cent, at 5,226.4 points.
The broader All Ordinaries index was down 49.5 points, or 0.93 per cent, at 5,277.0 points.
