Australian market set to open flat
THE Australian market looks set to open flat after Wall Street fell slightly but European markets rose as Greece geared up for a vote on bailout reforms.
THE Australian market looks set to open flat after Wall Street fell slightly but European markets rose as Greece geared up for a parliamentary vote on reforms attached to a new bailout deal.
At 0645 AEST on Thursday, the September share price index futures contract was up four points at 5,588.
In local economic news on Thursday, the Australian Bureau of Statistics’ international merchandise imports for June is due out and the Australian Uranium Conference continues in Perth.
In equities news, Rio Tinto, Woodside Petroleum, Whitehaven Coal and Iluka Resources are expected to release quarterly reports. Djerriwarrh Investments is expected to post full year results and Australian Agricultural Company has its annual general meeting.
In Australia, the market on Wednesday closed more than one per cent higher amid optimism around a resolution to the Greek debt crisis.
The benchmark S&P/ASX200 index was up 58.8 points, or 1.05 per cent, at 5636.2 points.
The broader All Ordinaries index rose 57.1 points, or 1.03 per cent, to 5619 points.
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