THE Australian market looks set to open higher following solid gains on Wall Street overnight on positive economic data from Germany and China.
At 0715 AEST today, the June share price index futures contract was up 13 points at 5,205.
In economic news today, The Australian Bureau of Statistics releases labour force data for April, while the Housing Industry Association Trades report for March quarter is also due.
In equities news, News Corp posts third quarter fiscal earnings, National Australia Bank announces its first half results and Billabong is expected to provide details of a possible takeover.
Meanwhile, Rio Tinto, Santos and Caltex have annual general meetings scheduled.
In Australia, the market on Wednesday closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data.
Resources stocks led the Australian market to near the 5200-points level, the highest close since August 2008.
The benchmark S&P/ASX200 index was up 56.1 points, or 1.09 per cent, at 5,199.8 points, while the broader All Ordinaries index was up 55.2 points, or 1.08 per cent, to 5,177.9 points.
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