The Australian share market is expected to decline after US stocks fell on a White House threat to veto legislation that would avert a US debt default.
But Australian resource stocks may gain after the price of metals and oil rose.
At 0801 AEST on the ASX 24 on Wednesday, the June share price index futures contract was down 16 points at 4,526 points.
In economic news, the Australian Bureau of Statistics is due to release the consumer price index for June quarter.
In other finance news, Australand Property Group and Coal & Allied Industries are due to release first half results.
Macarthur Coal, Atlas Iron, Mirabela Nickel are due to announce quarterly reports. On Tuesday, Australian stocks closed firmer despite the debt impasse in the United States, and made up some of the lost ground from Monday’s sell-off.
The benchmark S&P/ASX200 index rose 42.9 points, or 0.95 per cent, to 4,573.3, while the broader All Ordinaries index climbed 42.5 points, or 0.92 per cent, to 4,646.3
AAP