The Australian market looks set to open flat after mixed performances on international markets.
At 0645 AEDT on Wednesday, the March share price index futures contract was down two points at 5,048.
European markets were mixed but US stocks moved higher after Microsoft made a long-awaited announcement on a new chief executive and a handful of corporate results bested expectations.
Microsoft said founder Bill Gates was stepping down as chairman to become a technology adviser and Satya Nadella, head of its cloud-computing division, would succeed Steve Ballmer as chief executive.
In local economic news on Wednesday, the Australian Industry Group Australian Performance of Services Index (PSI) for January is due out.
In equities news, Echo Entertainment is expected to post first half results.
And, the Federal Court is expected to make its judgment in the class action case against ANZ.
The court is to decide whether the bank's fees of $25-$45 for over limit, late payment and other issues were illegal and unconscionable penalties disproportionate to its actual costs.
In Australia, the market on Tuesday suffered its heaviest one day loss since August, with spooked investors reacting to a sharp fall in US manufacturing activity growth.
More than $28 billion was wiped from the market's value, as investors followed a negative lead from Wall Street, which had its worst session since June amid concerns about the US economy and emerging markets.
Local stocks were also impacted by the Reserve Bank's decision to leave interest rates unchanged, and its statement that rates would stay stable for some time, CommSec market analyst Steve Daghlian said.
The benchmark S&P/ASX200 index dropped 90.8 points, or 1.75 per cent, to 5,097.1.
The broader All Ordinaries index shed 87.8 points, or 1.69 per cent, to 5,114.1.