Australian market set to open flat
Market watch top headlines
SYDNEY, Jan 30 AAP
January 30 2013, 06:50AM
The Australian market looks set to open flat following a mixed performance on Wall Street ahead of consumer confidence and housing data and in anticipation of a US Federal Reserve monetary policy meeting.
At 0644 AEDT on Wednesday, the March share price index futures contract was up one point at 4,855.
In economic news on Wednesday, the Australian Property Institute is scheduled to release its residential property outlook for 2013.
In equities news, the second Hastie Group creditors meeting, expected to go for two days, is due to begin in Melbourne, Sydney, Perth and Adelaide.
Legal firm Jones Day is to host a seminar in Sydney on Australia's foreign anti-bribery legislation and its relevance to the resource sector, while Wesfarmers is expected to release its second quarter sales results.
In Australia, the market on Tuesday closed higher, with investors encouraged by the recent strength of global markets.
On Tuesday, the benchmark S&P/ASX200 index rose 53.8 points, or 1.11 per cent, to 4,889.0 points - its highest close since April 2011.
The broader All Ordinaries index was up 51.9 points, or 1.07 per cent, to 4,910.8 points.