Australian market set to open lower
THE Australian market looks set to open lower after US stocks fell for a third straight session as disappointing earnings overshadowed stronger reports.
THE Australian market looks set to open lower after US stocks fell for a third straight session as disappointing earnings from Caterpillar, American Express and others overshadowed some stronger reports.
At 0645 AEST on Friday, the September share price index futures contract was down 20 points at 5,513.
No major local economic or equities news is expected on Friday. In Australia, the market on Thursday closed lower, pulled back by the resources sector.
The benchmark S&P/ASX200 index fell 24.3 points, or 0.43 per cent, at 5,590.3 points.
The broader All Ordinaries index lost 22.2 points, or 0.4 per cent, at 5,581.3 points.
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