SYDNEY: The Australian market looks set to open a touch lower, as gains on Wall Street offset losses in the local market on Thursday.
At 0648 AEST on Friday, the June share price index futures contract was down two points at 5,615.
US stocks have pushed higher overnight as oil prices cooled and Chinese e-commerce giant Alibaba soared on strong sales.
Locally on Friday, the Reserve Bank of Australia releases its Statement on Monetary Policy.
In equities news, Macquarie Group releases its full year results, and Alumina holds its annual general meeting.
In Australia on Thursday, the major banks drove the share market lower, extending losses from Wednesday when it recorded its biggest one-day fall in two years.
The benchmark SP/ASX200 index was down 46.5 points, or 0.82 per cent, at 5,645.7.
The broader All Ordinaries index was down 45.8 points, or 0.80 per cent, at 5,645.1.
