The Australian market looks set to open lower after Wall Street closed flat, as investors turned cautious ahead of key jobs data for April.

The SPI is down 16 points, at 5243.

In local economic news, investors would be focused on the release of the Reserve Bank statement on monetary policy, after the central bank cut rates on Tuesday afternoon. The Australian Bureau of Statistics also releases overseas arrivals and departures for March.

In equities news, Macquarie Group is slated to release full-year results, the National Broadband Network Co releases half year results, while Alumina holds its annual general meeting.

Key Numbers:

• The SPI is down 16 points, at 5243.
• AUD up 0.1% at 74.60 US cents, 80.05 Japanese yen, 65.46 Euro cents and 51.53 British pence
• On Wall St, Dow flat, S&P 500 flat, Nasdaq -0.2%
• In Europe, Stoxx 50 flat, FTSE flat, CAC -0.1%, DAX +0.2%
• In London, BHP +0.8%, Rio +0.6%
• Spot gold -0.2% to $US1276.58 ounce at 3.47pm New York time
• Brent crude +1.1% to $US45.09 barrel at 3.21pm New York time
• Iron ore +0.3% to $US60.25 a tonne

What’s on today:

Local data: RBA quarterly statement on monetary policy

Overseas data: US April jobs report, US March consumer credit.

Overseas earnings: Berkshire Hathaway, Cigna, Exelon, ArcelorMittal

Rating updates: Netherlands (Fitch), Portugal (Moody’s), Turkey (S&P)

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