Australian market set to open lower

The Australian market looks set to open lower following losses on Wall Street overnight.

At 0720 AEST on Friday, the June share price index futures contract was down six points at 5,938.

US stocks finished a touch lower after a mixed round of company earnings report and more lacklustre US economic data.

The Dow Jones Industrial Average dropped 6.84 points, or 0.04 per cent, to 18,105.77.

Locally in equities news, gas producer Santos releases it first quarter production report and toll roads operator Macquarie Atlas hold its annual general meeting.

In Australia, the market on Thursday posted its first gain in four days, though stronger commodity prices were the main driver rather than a surprise drop in unemployment.

The benchmark S&P/ASX200 index was up 39.1 points, or 0.66 per cent, at 5,947.5 points.

The broader All Ordinaries index was up 40.3 points, or 0.69 per cent, at 5,917.6 points.


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