The Australian market looks set to open lower after Wall Street finished down despite a morning rally during the early part of Federal Reserve Chairman Ben Bernanke's testimony to Congress.
At 0631 AEST on Thursday, the June share price index futures contract was down 25 points at 5,146.
No major economic news is expected on Thursday.
In equities news, James Hardie is due to have a full year results briefing.
In Australia, the market on Wednesday closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report.
The benchmark S&P/ASX200 index was down 14.7 points, or 0.28 per cent, at 5,165.4 points, while the broader All Ordinaries index was down 14.1 points, or 0.27 per cent, to 5,142.1 points.