The Australian share market is expected to open lower amid investor concerns about slowing global growth.

The SPI200 futures contract was down 11 points, or 0.17 per cent, at 6,592.0 at 0800 AEST, suggesting an early dip for the benchmark S&P/ASX200 on Wednesday.

Wall Street finished higher overnight, with the Dow Jones Industrial Average closing up 0.26 per cent, the S&P 500 up 0.29 per cent and the tech-heavy Nasdaq Composite up 0.22 per cent.

Manufacturing activity shrank in the US as well as in most Asian and European countries in June, according to official data released in recent days.

The Australian Bureau of Statistics is expected to release building approvals for May as well as the country’s trade balance figures at 1130 AEST on Wednesday.

The Aussie dollar is buying 69.93 US cents from 69.80 US cents on Tuesday.