The Australian market looks set to open higher after both the S&P 500 and Dow industrials again reached record highs amid signs corporate earnings season may be less dour than feared.

The SPI is trading at 5461, up 12 points.

Locally, in economic news, the Australian Bureau of Statistics releases motor vehicle census data from January 31 and its industrial disputes data for the June quarter.

The National Australia Bank’s business survey for the June quarter is also due out.

In equities news, Woodside Energy and BHP spinoff South32 release quarterly production reviews.

Key Numbers

• The SPI is trading at 5461, up 12 points
• AUD -0.3% to 74.79 US cents
• On Wall St, Dow +0.2%, S&P 500 +0.5%, Nasdaq +1.1%
• In Europe, Stoxx 50 +1.2%, FTSE +0.5%, CAC +1.2%, DAX +1.6%
• Spot gold -1.1% to $US1317.96 an ounce
• Brent crude +1.2% to $US47.20 a barrel
• Iron ore -0.5% to $US55.75 per tonne

What’s on today

NAB Business confidence survey