The Australian share market is forecast to open higher, after a positive end on Wall Street and stronger commodities prices during the offshore session.

At 642am AEST on the Sydney Futures Exchange, the September share price index contract climbed 60 points at 4,408 points, on volume of 3,765 contracts.

In economics news today, the Australian Bureau of Statistics issues international trade price indices for June.

The Melbourne Institute releases its latest bulletin of economic trends, while the Australian Office of Financial Management offers on auction $800 million Commonwealth Government Treasury bonds of the June 2016 line.

In companies news, June quarter output reports are scheduled to be released from Woodside Petroleum Ltd. Meanwhile, a liquidator's examination of failed investment and advisory firm Babcock & Brown continues in the Sydney Federal Court.

Yesterday, the stock market ended down in subdued trading, depressed by the financial sector.

The benchmark S&P/ASX200 index finished 0.86 per cent lower to 4,374.7 points. All Ordinaries index closed at 4,394.8 points, a slump of 0.77 per cent.