Australian Markets

Traders gather at the post that handles Globalstar on the floor of the New York Stock Exchange, Friday, May 13, 2016. U.S. stocks are skidding Friday afternoon and heading for their third straight week of losses. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street fell, despite upbeat retail data.

Australian Markets

Trader Anthony Riccio, center, works on the floor of the New York Stock Exchange, Thursday, May 12, 2016. Stocks are opening higher on Wall Street as traders are encouraged by talk of more deals and some better news on retail earnings. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after a mixed overnight session on Wall Street.

Australian Markets

Trader Greg Mulligan works on the floor of the New York Stock Exchange, Monday, May 9, 2016. U.S. stocks are starting the week slightly higher following two weeks of losses. Weak economic reports from China are pushing the prices of fuels and precious metals lower. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street fell with the Dow Jones industrial average suffering its worst day since February.

Australian Markets

Jonathan Corpina, right, works with fellow traders on the floor of the New York Stock Exchange, Monday, May 9, 2016. U.S. stocks are starting the week slightly higher following two weeks of losses. Weak economic reports from China are pushing the prices of fuels and precious metals lower. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian share market looks set to open higher following strong gains on Wall Street helped by solid corporate earnings in Europe.

Australian Markets

Trader Anthony Riccio works on the floor of the New York Stock Exchange, Monday, May 9, 2016. U.S. stocks are starting the week slightly higher following two weeks of losses. Weak economic reports from China are pushing the prices of fuels and precious metals lower. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after a mixed performance on Wall Street following a bigger-than-expected drop in China’s imports.

Australian Markets

Trader Edward Shreier, center, and specialist Mario Picone, right, work on the floor of the New York Stock Exchange, Friday, May 6, 2016. Stocks were slightly lower in early trading Friday after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in Europe and Asia. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after gains on US and European markets despite concerns over global growth.

Australian Markets

Traders Fred DeMarco, John Panin and Richard Cohen, left to right, work on the floor of the New York Stock Exchange, Wednesday, May 4, 2016. Stocks are opening lower on Wall Street as investors were discouraged by signs of weakness in the U.S. job market and some weak corporate earnings. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street closed flat, as investors turned cautious ahead of key jobs data for April.

Australian Markets

Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, May 4, 2016. Stocks are lower on Wall Street following signs of weakness in the U.S. job market and some weak corporate earnings. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street fell, weighed down by tepid data on private sector US jobs and a retreat in biotech shares.

Australian Markets

Australian market set to open lower

THE Australian market looks set to open more than one per cent lower following slumps on international bourses.

Australian Markets

NEW YORK - APRIL 29: A trader blows out a chewing gum bubble while working on the floor of the New York Stock Exchange on April 29, 2016 in New York City. The Dow Jones Industrial Average closed down over 100 points. Yana Paskova/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Australian market set to open lower

THE Australian market looks set to open lower after US equities fell, once again weighed down by company earnings.

Australian Markets

Trader Peter Tuchman, left, and specialist Robert Tuccillo work on the floor of the New York Stock Exchange, Thursday, April 28, 2016. Stocks are opening broadly lower on Wall Street as traders look over the latest batch of earnings and deal news. (AP Photo/Richard Drew)

Australian market set to open lower

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

Australian Markets

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, April 27, 2016. Stocks indexes are mostly lower in early trading as weakness in the technology sector pulls the broader market lower. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after Wall Street ended mainly slightly higher.

Australian Markets

Australian market set to open higher

THE Australian market looks set to open higher after the S&P 500 ticked up, buoyed by gains in the energy and materials sectors.

Australian Markets

Trader Peter Tuchman works on the floor of the New York Stock Exchange, Wednesday, April 20, 2016. U.S. stock indexes are narrowly mixed in early trading on Wall Street as investors absorb the latest round of company earnings reports. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street fell, dragged down by energy shares amid a decline in oil prices.

Australian Markets

Trader William McInerney, left, works on the floor of the New York Stock Exchange, Wednesday, April 20, 2016. U.S. stock indexes are narrowly mixed in early trading on Wall Street as investors absorb the latest round of company earnings reports. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after Wall Street suffered its first loss in four sessions following a mixed bag of quarterly earnings.

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Australian Markets

Trader Jeffrey Vazquez, center, works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher following strong gains on Wall Street and a lift in international oil prices.

Australian Markets

Trader Peter Mancuso, center, works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after better-than-expected earnings from US companies pushed the S&P briefly over 2,100.

Australian Markets

Trader Mark Muller works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower despite a strong positive lead from Wall Street where the Dow Jones closed at a nine-month high.

Australian Markets

Trader Fred Demarco, right, works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian share market set to open flat

THE Australian market looks set to open flat after Wall Street fell as oil price declines weighed on energy shares and Apple dragged on the market.

Australian Markets

Trader Ryan Falvey, center, on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after slight gains on Wall Street as investors digested the latest round of big bank earnings.

Australian Markets

Trader Peter Tuchman works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after better-than-expected trade figures out of China boosted markets worldwide.

Australian Markets

Eric Schumacher, left, works with fellow traders on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after Wall Street gained, led by surging energy shares buttressed by rising oil prices.

Australian Markets

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

Australian market set to open flat

THE Australian market looks set to open flat after Wall Street fell with gains in materials and banks countered by declines in consumer staples.

Australian Markets

Specialist Charles Boeddinghaus works with traders at the post that handles Allergan, on the floor of the New York Stock Exchange, Wednesday, April 6, 2016. The biggest U.S.-based drugmaker, Pfizer Inc., will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland â€” at least on paper â€” to reduce its tax bill. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after gains on Wall Street following a sharp rally in crude oil.

Australian Markets

Australian market set to open lower

THE Australian share market looks set to open lower following widespread overnight losses in the US and Europe.

Australian Markets

Trader Glenn Kessler, center, works on the floor of the New York Stock Exchange, Wednesday, April 6, 2016. Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open higher after Wall Street was bolstered by gains in healthcare shares.

Australian Markets

FILE - In this Nov. 23, 2015 file photo, traders James Matthews, left, and John Panin work at the post that handles Pfizer, on the floor of the New York Stock Exchange. Pfizer Inc. and Allergan Plc are scrambling to determine whether to proceed with their plan to merge. Both companies were mum Tuesday, April 5, 2016 on what they'll do, other than to swat swirling rumors that they’re leaning toward dropping the inversion. (AP Photo/Richard Drew)

Australian market set to open lower

THE Australian market looks set to open lower after falls on Wall Street as investors took gains off the table.

Australian Markets

FILE - In a March 30, 2016 file photo, trader William McInerney, left, and specialist Jay Woods work on the floor of the New York Stock Exchange. Stock indexes were trading in a narrow range in early trading Monday, April 4, 2016, as investors worked through several company announcements. Global markets were modestly higher. (AP Photo/Richard Drew, File)

Australian market set to open flat

THE Australian market looks set to open flat despite a poor lead from Wall Street.

Australian Markets

Trader James Denaro works on the floor of the New York Stock Exchange, Wednesday, March 30, 2016. Stocks are opening slightly higher on Wall Street, building on gains from the day before. (AP Photo/Richard Drew)

Australian market set to open higher

THE Australian market looks set to open in positive territory after upbeat US jobs and factory data raised hope of stronger corporate earnings.

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