SYDNEY: The Australian market looks set to open lower, following Wall Street’s lead into the red as energy and raw material stocks took a hit with oil prices falling to their lowest in nearly seven years.
At 0645 AEDT on Tuesday, the December share price index futures contract was down 16 points at 5,133.
Locally, in economic news on Tuesday, the National Australia Bank’s monthly business survey for November and the ANZ-Roy Morgan weekly consumer confidence survey are both due out.
The AFR Workforce & Productivity Summit is on in Melbourne.
In equities news, tech start-up Atlassian is expected to list on the Nasdaq in New York.
In Australia, the market on Monday finished flat after the major banks failed to hold onto strong gains and as the energy stocks suffered steep falls.
The benchmark S&P/ASX200 index was up 4.1 points, or 0.08 per cent, at 5,155.7 points, while the broader All Ordinaries index was rose 4.5 points, or 0.9 per cent, to 5,205.94 points.
