Share market set to open lower

THE Australian share market looks set to open lower after Wall Street lost its previous session’s gains after a bomb scare in Germany.

NEW YORK, NY - NOVEMBER 16: Traders on the floor of the New York Stock Exchange participate in a moment of silence in honor of the victims of the terrorist attacks in Paris last week before the opening trading bell on November 16, 2015 in New York City. French and U.S. flags also flew at half mast outside the New York Stock Exchange. Andrew Burton/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

THE Australian share market looks set to open lower after Wall Street lost its previous session’s gains following a report that a soccer match between Germany and Netherlands was called off due to concerns of a bomb attack.

At 0645 AEDT on Wednesday, the December share price index futures contract was down 26.0 points at 5,098.

Locally, in economic news on Wednesday, the Reserve Bank of Australia Assistant Governor (Financial Markets) Guy Debelle and federal treasurer Scott Morrison are slated to attend the Bloomberg Summit in Sydney.

Meanwhile, the Australian Bureau of Statistics’ wage price index for the September quarter and the Westpac-Melbourne Institute Leading Indexes of Economic Activity are due out.

In equities news, Orica is expected to post full year results and AusNet Services to release its half year results.

Drillsearch, Senex Energy, Seven Group Holdings, Cabcharge, DUET Group, Viralytics and McPherson’s have annual general meetings, as do Virgin Australia, South32 and Cash Converters International.

In Australia, the market on Tuesday closed more than two per cent higher after Australia’s biggest bank and the country’s central bank gave upbeat assessments on the national economy.

The benchmark S&P/ASX200 index was up 114.4 points, or 2.29 per cent, at 5,118.2 points.

The broader All Ordinaries index was up 109.8 points, or 2.17 per cent, at 5,174.3 points.