Australian market set to open lower

THE Australian market looks set to open lower after another losing session across major international markets on continuing China worries.

THE Australian market looks set to open lower after another losing session across major international markets with concern persisting over China’s economy.

At 0645 AEDT on Tuesday, the share price index was down nine points at 4,857.

Locally, in economic news on Tuesday, the ANZ-Roy Morgan weekly consumer confidence survey is due out, as are the Australian Bureau of Statistics’ overseas arrivals and departure figures for November.

In equities news, Whitehaven coal is expected to issue its December quarter production report.

In Australia, the market on Monday clawed back some early losses but still closed more than one per cent lower, chalking up its seventh straight session in the red.

The benchmark S&P/ASX200 index was down 58.6 points, or 1.17 per cent, at 4,932.2 points.

The broader All Ordinaries index was down 58.7 points, or 1.16 per cent, at 4,990.7 points.