The Australian market looks set to open lower, following the downward lead of Wall Street where energy and financial stocks have been hit hardest.

The SPI is trading at 5178, down 16 points.

Locally, in economic news on Wednesday, the Westpac-Melbourne Institute Survey of Consumer Sentiment is due out.

BIS Shrapnel Business Forecasting Conference continues in Brisbane.

No major equities news is expected.

Key Numbers

• The SPI is trading at 5178, down 16 points
• AUD -1.3% to 74.67 US cents
• On Wall St, Dow -1.4%, S&P 500 -1.5%, Nasdaq -1.1%
• In New York, BHP -5.3%, Rio -4.2%
• In Europe, Stoxx 50 -1.3%, FTSE -0.5%, CAC -1.2%, DAX -0.4%
• Spot gold -0.5% to $US1321.57 an ounce
• Brent crude -1.8% to $US47.44 a barrel
• Iron ore -2.9% to $US56.09 a tonne

What’s on today

WBC-MI consumer confidence September, RBA assistant governor Debelle speaks at 7.50pm

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