THE Australian market looks set to open modestly higher despite a flat session on Wall Street.
At 0645 AEST on Thursday, the June share price index futures contract was up 18 points at 5,623.
US stocks closed slightly lower, despite a mid-session jump after Federal Reserve policy meeting minutes cast doubt on an interest rate hike in June.
For the local market on Thursday, new Chinese manufacturing data is set to be the main influence.
Construction materials group James Hardie will release its full year financial results, while Reserve Bank assistant governor Malcolm Edey is speaking at a Melbourne conference.
The market on Wednesday fell as a weaker iron ore price hit the miners. The benchmark S&P/ASX200 index dropped 5.2 points, or 0.09 per cent, to 5,610.3 points, and the broader All Ordinaries index shed 5.4 points, or 0.1 per cent, to 5,614.
At 0645 AEST on Thursday, the June share price index futures contract was up 18 points at 5,623.
US stocks closed slightly lower, despite a mid-session jump after Federal Reserve policy meeting minutes cast doubt on an interest rate hike in June.
For the local market on Thursday, new Chinese manufacturing data is set to be the main influence.
Construction materials group James Hardie will release its full year financial results, while Reserve Bank assistant governor Malcolm Edey is speaking at a Melbourne conference.
The market on Wednesday fell as a weaker iron ore price hit the miners. The benchmark S&P/ASX200 index dropped 5.2 points, or 0.09 per cent, to 5,610.3 points, and the broader All Ordinaries index shed 5.4 points, or 0.1 per cent, to 5,614.
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