Australian market set to open higher
THE Australian market looks set to open higher after gains on US and European markets after Greece made massive loan repayments to creditors.
THE Australian market looks set to open higher after gains on US and European markets after Greece made massive loan repayments to creditors and reopened its banks. At 0645 AEST on Tuesday, the September share price index futures contract was up nine points at 5,651.
In local economic news on Tuesday, the Reserve Bank of Australia’s monthly board meeting minutes are expected while the ANZ-Roy Morgan weekly consumer confidence survey is also due out. Meanwhile, Commonwealth Bank chief executive Ian Narev is slated to speak at a Deloitte business lunch in Sydney.
In equities news, Oil Search and OZ Minerals are expected to release second quarter production reports, while AMCIL is slated to post full year results.
In Australia, the market on Monday edged higher as gains in the financial sector helped to offset weakness among gold miners. The benchmark S&P/ASX200 index gained 16.8 points, or 0.3 per cent, to 5,686.9 points.
The broader All Ordinaries index rose 16.5 points, or 0.29 per cent, to 5,669 points.
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