Australian market set to open lower

The Australian market looks set to open lower following falls on Wall Street where disappointing quarterly reports from tech stalwart Intel and transportation companies stalled momentum.

At 0645 AEST on Friday, the share price index was down 31 points at 5,452.

Locally, no major economic news is expected on Friday.

In equities news, Santos is expected to release a fourth quarter production review.

In Australia, the market on Thursday hit a fresh 11-month high, with healthcare, energy and financial stocks the main areas of strength.

The benchmark S&P/ASX200 index was up 23.7 points, or 0.43 per cent, at 5,512.4 points.

The broader All Ordinaries index was up 22.8 points, or 0.41 per cent, at 5,588.7 points.


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