Australian market set to open lower
The Australian market looks set to open markedly lower after Wall Street fell more than one-and-a-half per cent.
At 0645 AEST on Friday, the December share price index futures contract was down 51 points at 5,320.
Locally, in economic news on Friday, Reserve Bank of Australia's head of payments policy department, Tony Richards, is slated to speak at the Chicago Payments Symposium in Chicago.
NAB is due to release its inaugural Aust-Asia business engagement index.
Meanwhile, the HIA-Cordell Construction Outlook Breakfast Series features speeches by Commonwealth Bank of Australia senior economist John Peters, Cordell CEO Michael Hughes and HIA economist Harley Dale.
In equities news, Federal Court holds a directions hearing in the ACCC's case against Informed Sources and petrol retailers for alleged collusion, while Sydney Airport chief executive Kerrie Mather is due to speak at an American Chamber of Commerce in Australia lunch in Sydney.
In Australia, the market on Thursday rose slightly after the big miners lifted the overall index.
The benchmark S&P/ASX200 index was up 6.4 points, or 0.12 per cent, at 5,382.2 points, while the broader All Ordinaries index was up 6.5 points, or also 0.12 per cent, to 5,382.4 points.
