Australian market set to open higher Wall Street has come off record highs overnight. Yahoo shares barely budge overnight after Yahoo merger. THE Australian market looks set to open higher despite Wall Street falling slightly ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress. At 6.35am AEST today, the June share price index futures contract was up seven points at 5227. In economic news today, the Reserve Bank of Australia releases the minutes of its May board meeting. Treasury Secretary Dr Martin Parkinson is scheduled to address the Australian Business Economists' lunch on Budgeting in Challenging Times. In equities news, Financial services company Thorn Group is due to post full year results and Ruralco Holdings its first half results, while Boart Longyear and Quickflix have annual general meetings. Norton Gold Fields opens its Enterprise Mine in Kalgoorlie. In Australia, the market yesterday closed stronger, pushing above one per cent during the day but easing to around half a per cent higher by the finish. The benchmark S&P/ASX200 index was up 28.2 points, or 0.54 per cent, at 5209 points, while the broader All Ordinaries index was up 25.6 points, or 0.50 per cent, to 5185.4 points.