The Australian sharemarket is set to open firmer.
The Australian sharemarket is set to open firmer.

The Australian sharemarket looks set to open higher following a flat start on Wall Street ahead of President Barack Obama's State of the Union address.

At 3.40am, the March share price index futures contract was up nine points at 4935.

In economic news, the Australian Bureau of Statistics' lending finance data for December and the Westpac/Melbourne Institute's survey of consumer sentiment are due to be released.

In equities news, Commonwealth Bank, CSL, Boral, Stockland, Noni B, Ansell, Goodman Fielder, WorleyParsons, OZ Minerals, Computershare and Skilled Group are expected to post first half results; Dominos Pizza has its half year result's announcement and Leighton Holdings its full year results.

Yesterday the market finished flat after the All Ordinaries index pushed through the significant 5000 point barrier earlier in the day.

At the close, the benchmark S&P/ASX200 index was 0.5 points, or 0.01 per cent, down at 4959 while the broader All Ordinaries index was up 1.2 points, or 0.02 per cent, at 4981.5.

The West Australian

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