Australian market set to open flat

THE Australian market looks set to open flat after Wall Street fell following a slightly weaker-than-expected jobs report.

NEW YORK CITY, NY - AUGUST 06: A trader works on the floor of the New York Stock Exchange (NYSE) on August 06, 2015 in New York City. The Dow Jones industrial average fell 120 points today as Wall Street braces for Friday's employment report which will give a more solid indication of the timing of a rate hike by the Federal Reserve. Spencer platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

THE Australian market looks set to open flat after Wall Street fell following a slightly weaker-than-expected jobs report.

At 0645 AEST on Monday, the September share price index futures contract was down two points at 5,403.

The US added 215,000 jobs in July, below the gain of 229,000 economists had expected.

Locally, in economic news on Monday, the Australian Bureau of Statistics releases June lending finance data.

In equities news, National Australia Bank, Ansell, JB Hi-Fi and Bendigo and Adelaide Bank are among the companies releasing results.

In Australia, the market on Friday, plunged more than two per cent - it’s biggest one-day fall in more than three years - wiping about $44 billion from its value.

The big four banks were the main reason for the massive tumble, with ANZ enduring its worst session in almost seven years after tapping investors for $2.5 billion.

The benchmark S&P/ASX200 index was down 135.3 points, or 2.41 per cent, at 5,474.8 points.

The broader All Ordinaries index fell 127.8 points, or 2.28 per cent, at 5,405.0 points.