The West

Local bourse may open higher

The Australian sharemarket looks set to open higher after Wall Street closed mixed and Europe's main stock markets retreated as the Group of 20 finance ministers met amid growing talk of "currency wars".

At 3.31am, the March share price index futures contract was up 13 points at 5008.

In economic news, the Australian Bureau of Statistics is due to release new motor vehicle sales figures for January.

In equities news, Bendigo and Adelaide Bank, Specialty Fashion, Pacific Brands, nib Holdings, Amcor, Lend Lease Group, BlueScope Steel are among the companies expected to post first half results, while Boart Longyear is slated to release full year results.

In Australia, the market on Friday closed flat, with the benchmark index holding above 5000 points for a third day.

The benchmark S&P/ASX200 index on Friday closed down three points, or 0.06 per cent, at 5033.9 points, while the broader All Ordinaries index fell 2.6 points, or 0.05 per cent, to 5054.6 points.

The West Australian

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