The Australian market looks set to open flat following falls on international markets after a report showing a dip in US home prices and on worries about China.
At 0645 AEDT on Wednesday, the March share price index futures contract was up one point at 5,411.
In the US, the Case-Shiller index for home prices in 20 leading US cities fell 0.1 per cent in December, the second straight monthly decline.
Investors were also spooked over a possibly cooling Chinese property market and lending curbs as China's central bank effectively drew cash out of the system as it continues to fret over possible bad debts among lenders.
In local economic news on Wednesday,the Australian Bureau of Statistics releases data for construction work done in the December quarter.
In equities news, Westfield Group and Westfield Retail Trust, Mortgage Choice and Sydney Airport are expected to post full year results.
AGL Energy, WorleyParsons, Lend Lease, Flight Centre, Whitehaven Coal and Wotif are among the companies due to release first half results.
In Australia, the market on Tuesday broke its positive run and closed lower as a weaker iron ore price weighed on the resources sector.
The benchmark S&P/ASX200 index dropped 6.4 points, or 0.12 per cent, to 5,433.8.
The broader All Ordinaries index shed 6.1 points, or 0.11 per cent, lower at 5,444.