The Australian market looks set to open lower after Wall Street fell as the Bank of Japan's shocking call to cap monetary stimulus continues to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure.

The SPI futures are down 9 points to 5192.

In local economic news today, the Reserve Bank of Australia is due to release financial aggregates data for March, while RBA Assistant Governor (Financial Markets) Guy Debelle speaks at the ACI World Congress Conference.

In equities news, Motorcycle Holdings and Reliance Worldwide are slated to list on the on ASX, while Hutchison Telecoms hold its annual general meeting.

Key Numbers:

• SPI futures down 9pts to 5192
• AUD +0.6% to 76.25 US cents
• On Wall St, Dow -1.2%, S&P 500 -0.9%, Nasdaq -1.2%
• In New York, Apple -3.1%, Cisco -2.4%, IBM -2.3%, Atlassian -2%
• In Europe, Stoxx 50 -0.2%, FTSE flat, CAC flat, DAX +0..2%
• In London, BHP +2.1%, Rio +4.3%
• Spot gold +1.7% to $US1266.96 ounce at 3.34pm New York time
• Brent crude +1.8% to $US48.04 barrel at 3.07pm New York time
• Iron ore -2.7% to $US61.09 a tonne

What’s on today:

Local data: PPI 1st Qtr at 11.30am, Private sector credit March at 11.30am, NZ March building permits, NZ ANZ Business Confidence April

Overseas data: Russia rate decision; South Korea May business confidence; South Korea March industrial output; Euro unemployment rate March, Euro inflation April, Euro GDP 1st Qtr; US employment cost index (1Q),

US personal income/spending (March), US ISM Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final).

The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan.

Fed speaker: Dallas chief Robert Kaplan in London

Overseas earnings: American Tower, Legg Mason, Phillips 66, Chevron, Exxon Mobil, Imperial Oil, TransCanada, Bombardier Inc., Oversea-Chinese Banking Corp, China Construction Bank Corp, ICICI Bank, BASF, Swiss Re, Danske Bank, Royal KPN, Eni, Telefonica, AstraZeneca, Shire Plc, Luxottica Group, Iberdrola, Royal Bank of Scotland

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