The Australian share market is expected to open higher today after US equities gained as the oil price fell and the Federal Reserve chairman indicated the central bank was likely to extend emergency loans to investment firms.
Mining and energy stocks may decline after oil and metals prices slipped overnight.
At 0710 AEST on the Sydney Futures exchange, the September share price index futures contract rose 38 points to 4,999.
In economic news, the Australian Bureau of Statistics releases housing finance data for May and Westpac and the Melbourne Institute release their consumer sentiment index for July.
In company news, Insurance Australia Group Ltd will hold an investor briefing.
Yesterday, the Australian stock market fell to its lowest levels since August 2006 after the financial sector dragged the market down.
The benchmark S&P/ASX200 index was down 69.6 points, or 1.39 per cent, at 4932.9, while the broader All Ordinaries lost 69.3 points, or 1.36 per cent, to 5022.4.
It was the S&P/ASX 200's lowest close since 15 August 2006 when it finished at 4936
