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The Australian share market looks set to open flat with no clear lead from Wall Street which early on set fresh record highs before retreating.

At 0700 AEDT on Tuesday, the share price futures index was down three points, or 0.05 per cent, at 5,988.

On Wall Street, in the session indexes set more record highs before retreating as gains for Amazon were countered by losses in shares of chipmakers and energy companies.

The Dow Jones Industrial Average was up 0.13 per cent, the S&P 500 was down 0.04 per cent and the Nasdaq Composite had dropped 0.12 per cent, by 0714 Tuesday AEDT.

Locally, in economic news on Tuesday, the ANZ-Roy Morgan Consumer Confidence weekly survey is due out.

In equities news, Mayne Pharma’s annual general meeting is scheduled for Tuesday while Telstra chief executive Andrew Penn is slated to speak at an AmCham lunch in Sydney.

Meanwhile, the two-day Large Scale solar conference is on in Sydney.

The Australian market on Monday closed slightly higher following a late burst in buying that lifted the market out of a midday trough.

The benchmark S&P/ASX200 index rose 6.2 points, or 0.1 per cent, to 5,988.8 points.

The broader All Ordinaries index lifted 7.3 points, or 0.12 per cent, to 6,070.4 points.

Meanwhile, the Australian dollar is virtually unchanged against its US counterpart, despite the greenback weakening in the offshore session.

The local currency was trading at 76.06 US cents at 0700 AEDT on Tuesday, from 76.07 on Monday.


One Australian dollar buys:

* 76.06 US cents, from 76.07 on Monday

* 84.45 Japanese yen, from 84.73 yen

* 63.93 euro cents, from 63.77 euro cents

* 57.12 British pence, from 57.11 pence

* 110.12 NZ cents, from 110.81 cents


The spot price of gold in Sydney at 0700 AEDT was $US1,294.76 per fine ounce, from $US1,290.16 per fine ounce on Monday.


* CGS 4.50 per cent April 2020, 1.8235pct, unchanged

* CGS 4.75pct April 2027, 2.4818pct, unchanged

Sydney Futures Exchange prices:

* December 2017 10-year bond futures contract at 97.48(implying a yield of 2.52pct), from 97.46 (implying a yield of 2.54pct) on Monday

* December 2017 3-year bond futures contract at 98.09 (1.91pct), from 98.07 (1.93pct).

(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)