February 6, 2013 - 6:34AM The Australian market looks set to open higher following rebounds on European and US markets overnight. At 0631 AEDT on Wednesday, the March share price index futures contract was up 20 points at 4,865. In economic news on Wednesday, the Australian Bureau of Statistics is due to release retail trade figures for December. In equities news, Primary Health Care is due to post earnings results while RuralCo has its annual general meeting scheduled and a board spill meeting is slated for Globe International. In Australia, the market on Tuesday pared back early losses to finish lower for the second consecutive day as weaker global markets weighed on local sentiment. At the close, the benchmark S&P/ASX200 index was 24.8 points, or 0.51 per cent, weaker at 4,882.7, while the broader All Ordinaries index was down 26.5 points, or 0.54 per cent, at 4,902.6. AAP cdh