The Australian market looks set to open flat after Wall Street suffered its worst losses in two weeks following weak US data and comments by Federal Reserve policymakers.

The SPI is trading at 5483, down 5 points.

The three key US markets after weak US data and comments by Federal New York Fed president William Dudley and Atlanta Fed chief Dennis Lockhart both said the US central bank could raise the nation's short-term interest rates at its September policy meeting.

Locally, in economic news on Wednesday, The Australian Bureau of Statistics is scheduled to release its wages index for the June quarter.

In equities news, CSL, Sonic Healthcare, Stockland, Vicinity Centres, Crown Resorts, Evolution Mining and Primary Health Care are slated to post full-year results, while QBE is expected to release half-year results.

Key Numbers

• The SPI is trading at 5483, down 5 points
• AUD +0.3% to 76.94 US cents
• On Wall St, Dow -0.5%, S&P -0.6%, Nasdaq -0.7%
• In Europe, Stoxx 50 -1%, FTSE -0.7%, CAC -0.8%, DAX -0.6%
• Spot gold +0.7% to $US1348.43 an ounce
• Brent crude +2% to $US49.31 a barrel
• Iron ore at $US62.03 a tonne

What’s on today

New Zealand unemployment (second quarter) data is released today.Local earnings release for Fletcher Building, Crown Resorts, CSL, Primary Health, Sonic Healthcare, QBE, Dexus, Flexigroup, Evolution Mining, Stockland, Vicinity Centres, Aveo Group, and ARB Corp.

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