The Australian share market is set to open flat after receiving negative leads from offshore markets. Wall Street finished weaker and oil prices slumped back below $US81 a barrel. Metals likewise backpedalled.

On the Sydney Futures Exchange as of this morning, the September share price index contract climbed 4 points at 4511. Yesterday, the major local indices each closed more than 1 per cent down.

In economics news, the Australian Bureau of Statistics is due to announce lending finance data for June at 11.30am east-coast time.

Westpac and the Melbourne Institute will publish their survey of consumer sentiment in August.

Meanwhile, the Australian Office of Financial Management offers on auction $500 million Treasury bonds of the February 2017 line.

In companies news, full-year results are expected today from Commonwealth Bank of Australia, Stockland, Computershare and Abacus Property Group.

In Melbourne, the Financial Services Council commences its three-day yearly conference.

Yesterday, the local share market finished in the negative territory after a careful outlook by National Australia Bank and amid investor caution ahead the US Federal Reserve meeting.

The benchmark S&P/ASX200 index ended 54.2 points or 1.18 per cent lower at 4540.7 points. The broader All Ordinaries index slumped 52.6 points, or 1.14 per cent, to hit 4563 points.