March 19, 2013 - 6:37AM The Australian market looks set to open higher despite overnight falls on international markets with investors spooked following Cyrpus' bailout plans that include a deposit tax. At 0630 AEDT on Tuesday, the March share price index futures contract was up 38 points at 5,044. In economic news on Tuesday, the Reserve Bank of Australia (RBA) releases the minutes of its March board meeting, RBA assistant governor (financial markets) Dr Guy Debelle speaks on the topic of Some Recent (And Not So Recent) Trends in Australian Debt Markets at the KangaNews DCM Summit 2013 and RBA deputy governor Philip Lowe addresses the Australian Industry Group's 13th Annual Economics Forum. In equities news, New Hope Coal is expected to post full year results. In Australia, the market on Monday lost two per cent as spooked investors sold off local stocks amid bailout plans for Cyprus. The benchmark S&P/ASX200 index was down 104.8 points, or 2.05 per cent, at 5,015.4 points, while the broader All Ordinaries index was down 101.9 points, or 1.99 per cent, to 5,027.4 points.