Australian market set to open flat

THE Australian market looks set to open flat with no lead from Wall Street which was closed for the US Labor Day public holiday.

NEW YORK, NY - SEPTEMBER 04: Traders work on the floor of the New York Stock Exchange (NYSE) on September 4, 2015 in New York City. The Dow Jones industrial average finished the day down over 250 points, furthering losses for the week. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

THE Australian market looks set to open flat with no lead from Wall Street which was closed for the US Labor Day public holiday.

At 0645 AEST on Tuesday, the September share price index futures contract was down three points at 5,019.

Locally, in economic news on Tuesday, Reserve Bank of Australia head of financial stability department Luci Ellis is slated to speak at the University of New South Wales Real Estate Symposium 2015, while the ANZ-Roy Morgan weekly consumer confidence and the National Australia Bank’s monthly business surveys are due out.

In equities news, Chinese health company Traditional Therapy Clinics and global online screening and verification service CV Check are expected to list on the ASX.

In Australia, the market on Monday closed slightly lower in the wake of weak leads from US and European markets and the absence of any catalyst to push it into positive territory.

The benchmark S&P/ASX200 index was down 10.2 points, or 0.2 per cent, at 5,030.4 points.

The broader All Ordinaries index was down 9.8 points, or 0.19 per cent, at 5,051 points.