SYDNEY: The Australian market looks set to open lower, after Wall Street rose following strong gains in Asian and European equity markets.
At 6.45am (AEST), the September share price index futures contract was down 20 points at 5,388.
In local economic news on Friday, the Australian Bureau of Statistics releases May’s housing finance data.
No major equities news is expected.
The market local rebounded on Thursday from its early losses due to big gains by the miners, strength on China’s market and better-than-expected jobs figures.
The benchmark S&P/ASX200 index gained 1.5 points, or 0.03 per cent, to 5,471 points.
The broader All Ordinaries index dropped 0.2 points to 5,456.3 points.