Australian market set to open lower

THE Australian market looks set to open lower, following falls in overseas stocks.

THE Australian market looks set to open lower, following falls in overseas stocks.

At 0656 AEST on Wednesday, the September share price index futures contract was down 13 points at 5,616.

Wall Street was down almost one per cent as fresh problems emerged in talks between Greece and its international creditors aimed at preventing a Greek debt default.

Locally on Thursday, National Australia Bank will release its consumer anxiety index and official job vacancies figures are due out.

In equities news, Atlas Iron holds its annual general meeting. In Australia, the market on Thursday closed a touch higher as a rise in overseas markets reflected optimism about a bailout deal for debt-ridden Greece.

The benchmark S&P/ASX200 index was up 2.5 points, or 0.04 per cent, at 5,686.8 points.

The broader All Ordinaries index was up 1.3 points, or 0.02 per cent, at 5,672.7 points.