Australian market set to open higher
The Australian market looks set to open higher following strong gains on international markets as investors welcomed news pro-Russian rebels had handed over the black boxes from the downed Malaysia Airlines flight MH17.
At 0645 AEST on Wednesday, the September share price index futures contract was up 16 points at 5,511.
In local economic news on Wednesday, the Australian Bureau of Statistics releases consumer price index data for the June quarter.
In equities news, BHP is expected to post June quarter reports while Sims Metals is scheduled to give a strategic review presentation.
Meanwhile, Woodside chairman Michael Chaney, Rio Tinto chief executive Sam Walsh and Dexus Property CEO Darren Steinberg are slated to be at the Business Leaders Forum lunch in Perth.
In Australia, the market on Tuesday closed slightly higher as investors awaited local and US inflation figures.
The benchmark S&P/ASX200 index was up 3.4 points, or 0.06 per cent, at 5,543.3 points, while the broader All Ordinaries index was up 5.3 points, or 0.1 per cent, to 5,534.0 points.
