A falling oil price in electronic trading in New York overnight may boost the Australian stock market today, although it may also have a constraining effect on energy stocks.
With physical markets on Wall Street closed for Labor Day, there is otherwise no lead from the US.
At 0656 AEST on the Sydney Futures Exchange, the September share price index futures contract was down five points at 5,135, which still is higher than yesterday's close.
Today, the Reserve Bank of Australia holds its monthly board meeting and is scheduled to announce its decision on the benchmark interest rate at 1430 AEST.
The Australian Bureau of Statistics releases building approvals data for July and the government finance statistics for the June quarter.
Lend Lease managing director Greg Clarke will address the American Chamber of Commerce in Australia on "A Two Track Economy - Challenges and Opportunities".
Yesterday, the Australian share market closed slightly lower following weaker commodity prices, a weak US lead on Friday and major stocks going ex-dividend.
The benchmark S&P/ASX200 index was down 17.3 points, or 0.34 per cent, to 5118.3, while the broader All Ordinaries index fell 15.5 points, or 0.3 per cent, to 5200.
