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Economics

Market Wrap AM

The Australian market looks set to open higher despite falls on Wall Street as the reality of the US government shutdown depressed markets along with fears of a American debt default.

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Read more: NEW YORK - US stocks,  Wall Street,  HONG KONG,  LONDON,  Services Index,  Thursday,  Wednesday,  Economics,  AEST,  All Ordinaries index,  Australia,  Australian Industry Group/Commonwealth Bank Australian Performance,  CAC 40,  DAX 30,  December share price index futures contract,  Dow Jones Industrial Average,  Frankfurt,  FTSE 100 index,  Italy,  Mario Draghi,  Market Wrap AM,  Mumbai,  Nasdaq Composite Index,  Paris,  PSI,  S&P/ASX200 index,  S&P 500,  Seoul,  Shanghai,  Sydney,  Tokyo,  Tuesday,  US legislators,  Washington,  WELLINGTON