Australian market preview

Reported by AAP
Tuesday, April 16, 2013
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Rio Tinto

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The Australian stock market looks set to open weaker after a negative finish on overseas markets.

At 0707 AEST on Monday, the June share price index futures contract was 63 points lower at 4,898 points, with 4,654 contracts traded.

In New York on Monday, the Dow Jones Industrial Average tumbled 1.79 per cent to 14,599.20 points, while the broad-based S&P500 slid 2.30 per cent to 1,552.36.

Meanwhile, the tech-heavy Nasdaq Composite Index sank 2.38 per cent to 3,216.49.

In economics news on Tuesday, the Reserve Bank of Australia will release the minutes of its April board meeting at 1130 AEST.

In companies news, miner Rio Tinto will release its first quarter operations review.

On Monday, the benchmark S&P/ASX200 index fell 0.91 per cent to 4,967.9 points, while the broader All Ordinaries finished 0.98 per cent lower at 4,966.8 points.

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25/05/2013 02:37Sydney, Australia. 25 May,2013
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