Australian market set to open lower

THE Australian market looks set to open lower after Wall Street fell slightly.

Tommy Kalikas, second left, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, June 30, 2015. U.S. stocks are rising broadly in early trading as investors hope for a last-minute deal on Greece's debt woes. (AP Photo/Richard Drew)

THE Australian market looks set to open lower after Wall Street fell slightly following a mixed US jobs report and as investors awaited Greece’s weekend referendum over its economic fate.

At 0645 AEST on Friday, the September share price index futures contract was down 23 points at 5,520.

Non-farm payrolls data showed that the US economy added a solid 223,000 jobs in June. But that was less than the 233,000 the market expected. And, the report also said, hourly earnings were flat compared with May and cut the estimates for job growth in April and May.

In local economic news on Friday, the Australian Bureau of Statistics releases May’s retail trade figures.

Meanwhile, the Australian Mobile Telecommunications Association holds a briefing on the impact of technology on the retail sector and the Australian Industry Group Australian Performance of Services Index (PSI) is due out.

In equities news, Argo Global Listed Infrastructure to expected to list on the ASX and Murray Goulburn unit trust begins trading. In Australia, the market on Thursday gained ground for a third straight day, more than offsetting the losses suffered in Monday’s huge sell-off.

The benchmark S&P/ASX200 index was up 84.1 points, or 1.52 per cent, at 5,599.8 points.

The broader All Ordinaries index was up 81.9 points, or 1.49 per cent, at 5,587.9 points.