Australian market set to open higher

THE Australian market looks set to open higher after Wall street surged following an agreement between debt-stricken Greece and its European creditors.

NEW YORK, NY - JULY 13: Traders work on the floor of the New York Stock Exchange on July 13, 2015 in New York City. The Dow Jones industrial average was up in morning trading on news of a potential bailout agreement in Greece and hints that there has been a deal reached in the nuclear talks with Iran. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

THE Australian market looks set to open higher after Wall street surged following an agreement between debt-stricken Greece and its European creditors.

At 0645 AEST on Tuesday, the September share price index futures contract was up 93 points at 5,498.

In local economic news on Tuesday, the ANZ-Roy Morgan weekly consumer confidence survey and the National Australia Bank’s monthly business survey for June are due out.

Meanwhile, former NSW opposition leader John Brogden is slated to address the Australian Institute of Company Directors lunch and former Australian chief economic adviser Michael Parkinson is down to speak at the QUT Business Leaders’ Forum.

In equities news, there’s a creditors meeting for failed Adelaide builder Tagara, CSR has its annual general meeting and nutritional pharmaceutical researcher Medlab Clinical lists on ASX. In Australia, the market on Monday closed lower in a choppy session ahead of a resolution to the Greek debt crisis.

The benchmark S&P/ASX200 index was down 18.8 points, or 0.34 per cent, at 5,473.2 points.

The broader All Ordinaries index was down 17.7 points, or 0.32 per cent, at 5,460.4 points.