Australian market set to open lower

THE Australian market looks set to open lower despite Wall Street closing mainly higher following better-than-expected jobs data.

Trader Brandon Barb works on the floor of the New York Stock Exchange, Monday, Nov. 2, 2015. Stocks opened slightly higher on Wall Street as the market comes off its biggest monthly gain in four years. Health care stocks were among the early winners. (AP Photo/Richard Drew)

THE Australian market looks set to open lower despite Wall Street closing mainly higher following better-than-expected jobs data.

At 0645 AEDT on Monday, the December share price index futures contract was down 28 points at 5,194.

Locally, in economic news on Monday, the Australian Bureau of Statistics releases overseas arrivals and departures figures for September while the ANZ job advertisements series for October is also due out.

The Australian Financial Review Business Summit 2016 launches in Sydney.

In equities news, Recall Holdings has its annual general meeting in Sydney.

In Australia, the market on Friday closed up slightly. The benchmark S&P/ASX200 index was up 22 points, or 0.42 per cent, at 5,215.0 points.

The broader All Ordinaries index was up 21.8 points, or 0.42 per cent, at 5,269.7 points.