THE Australian market looks set to open lower after falls on Wall Street following weak employment and manufacturing data, and as the Federal Reserve stuck to its aggressive economic stimulus program.
At 6.30am AEST today, the June share price index futures contract was down 30 points at 5131.
In economic news today, the Australian Bureau of Statistics is due to release March building approvals figures as well as international trade price indexes for the March quarter.
In equities news, APN News & Media and Hutchison Telecom have annual general meetings.
In Australia, the market yesterday closed lower, with weakness among the major miners helping snap a two-day rally.
Weaker commodities prices in offshore trade, as well as some disappointing Chinese manufacturing data prompted investors to bail out of resources-linked companies.
The benchmark S&P/ASX200 index was DOWN 25.00 points, or 0.48 per cent, at 5166.2 points, while the broader All Ordinaries index was DOWN 24.70 points, or 0.48 per cent, to 5143.9 points.
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