The Australian sharemarket looks set to open flat after positive showings on US and European bourses following upbeat German economic data.
At 3.33am, the March share price index futures contract was up five points at 4747.
In economic news, the Australian Bureau of Statistics is due to release the consumer prices index figures for the December quarter.
The Westpac-Melbourne Institute's Leading Indexes of Economic Activity is expected as is the Commonwealth Bank business sales indicator for December.
In equities news, BHP Billiton is expected to releases its December quarter production report.
Yesterday the market closed up 1.6 points, or 0.03 per cent, at 4779.1 points, and the broader All Ordinaries index was 0.7 points, or 0.01 per cent, higher at 4802.9 points.A survey by the ZEW economic institute showed that German investor sentiment had risen to the highest levels since the start of the eurozone debt crisis in 2010, soaring to 31.5 points in January from 6.9 points in December.
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