- Switzer Report - https://switzerreport.com.au -

Aussie market set to drop on back of Wall Street falls

The Australian market looks set to open lower following falls on Wall Street after a weak result in Spain’s bond auction.

At 0650 AEST on Thursday, the June share price index futures contract was down 36 points at 4,313.

No major economic or equities news is expected on Thursday.

In Australia, the market on Wednesday closed flat despite a sell-off triggered by disappointing trade balance numbers.

The benchmark S&P/ASX200 index was down 3.1 points, or 0.07 per cent, at 4,333.9 points while the broader All Ordinaries index eased 5.4 points, or 0.12 per cent, to 4,419 points.