SYDNEY: The Australian market looks set to open lower following Wall Street’s fall of more than one per cent after a mixed US jobs report clouded prospects for a Federal Reserve interest rate rise amid China-induced global market turmoil. At 0645 AEST on Monday, the September share price index futures contract was down 28 points at 4,997.
Locally, in economic news on Monday, the Australian Industry Group/Housing Industry Association’s performance of construction index for August is due out as is the ANZ job advertisements series for the same month.
In equities news, Westpac is expected to give a strategy update. In Australia, the market on Friday closed slightly higher in a see-sawing session ahead of the release of important jobs figures in the US.
The benchmark S&P/ASX200 index was up 12.8 points, or 0.25 per cent, at 5,040.6 points.
The broader All Ordinaries index was up 12.1 points, or 0.24 per cent, at 5,060.8 points.
