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The Australian share market looks set to open slightly lower after the Dow and the S&P lose early gains to close little changed, but the Aussie dollar slides aginst its US counterpart.

At 0700 AEDT on Monday, the share price futures index was down seven points, or 12 per cent, at 5,850.

US equities initially rose comfortably on Friday but turned tail after US Special Counsel Robert Mueller’s office said a federal grand jury had indicted 13 Russian nationals and three Russian entities accused of interfering in an effort to support then-candidate Donald Trump.

The Dow Jones Industrial Average rose 0.08 per cent to end at 25,219.38 points, and the S&P 500 gained 0.04 per cent to 2732.22, but the Nasdaq Composite dropped 0.23 per cent to 7239.47.

Locally, in economic news on Monday, CoreLogic releases its capital city house prices for the week just ended.

In equities news, SEEK, oOh!media, NIB Holdings, Brambles and Domain are expected to release earnings reports.

The Australian market on Friday fell back in afternoon trade to close virtually flat despite the impetus of some strong company profit figures.

The benchmark S&P/ASX200 index ended down five points, or 0.08 per cent, at 5,904.0 while the broader All Ordinaries index fell 3.9 points, or 0.06 per cent, to 6,004.8 points

Meanwhile, the Australian dollar has slipped more than half a US cent with the US dollar index reversing its early losses and gaining 0.6 per cent on the day.

The local currency was trading at 79.11 US cents at 0700 AEDT on Monday, from 79.72 on Friday.


One Australian dollar buys:

* 79.11 US cents, from 79.72 on Friday

* 84.13 Japanese yen, from 84.34 yen

* 63.78 euro cents, from 63.52 euro cents

* 56.43 British pence, from 56.40 pence

* 107.16 NZ cents, from 107.39 cents


The spot price of gold in Sydney at 0700 AEDT was $US1,346.87 per fine ounce, from $US1,358.19 per fine ounce on Friday.


* CGS 4.50 per cent April 2020, 2.019pct, from 2.0186pct

* CGS 4.75pct April 2027, 2.87pct, from 2.8696pct

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.115 (implying a yield of 2.885pct), from 97.080 (implying a yield of 2.92pct) on Friday

* March 2018 3-year bond futures contract at 97.850 (2.150pct), from 97.835 (2.165pct).

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