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Home / International Markets / Australian stocks set for lower start, S&P 200 down 33.5pts, All Ordinaries drop 32.3pts
Australian stocks set for lower start, S&P 200 down 33.5pts, All Ordinaries drop 32.3pts

Australian stocks set for lower start, S&P 200 down 33.5pts, All Ordinaries drop 32.3pts

SYDNEY: The Australian stocks set to start lower following drops on international markets as oil prices try to recover current losses and concern over global crude demand persevere.
At 6.45am (AEDT), the December share price index futures contract was down 32 points at 5,145. Locally, in economic news on Tuesday, the Reserve Bank of Australia releases the minutes of its December board meeting, while RBA assistant governor (financial markets) Guy Debelle and Financial System Inquiry chairman David Murray are slated to speak at the Australasian Finance and Banking Conference in Sydney.
Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey is due out. In equities news, Treasury Wine Estates holds its annual general meeting in Melbourne. The market closed weaker on Monday for a fifth consecutive session amid lower trading volumes due to a siege in Sydney’s CBD. The benchmark S&P/ASX200 index was down 33.5 points, or 0.64 per cent, at 5,186.1 points. The broader All Ordinaries index was down 32.3 points, or 0.62 per cent, at 5,164.6 points.