Aust stocks set to open softer

AAP, with a staff reporter

The Australian stock market looks set to open lower following unimpressive showings on international bourses after news the eurozone recession deepened in the final three months of last year.

At 0639 AEDT, the March share price index futures contract was down eight points at 4,986.

In equities news, ANZ is expected to give a first quarter trading update, while Charter Hall Retail REIT, Tassal Group, OceanaGold and Paladin Energy are among the companies expected to post first half results.

In economic news, Researve Bank of Australia (RBA) assistant governor (economic) Christopher Kent is scheduled to speak at the Committee for Economic Development of Australia (CEDA) 2013 WA Economic and Political Overview, while the RBA board member Dr John Edwards is slated to attend at CEDA event in Sydney.

The local market finished the previous session above the 5,000-point mark, boosted by encouraging company earnings reports.

The benchmark S&P/ASX200 index rose 33.2 points, or 0.66 per cent, to 5,036.9 points, and the broader All Ordinaries index was up 32.7 points, or 0.65 per cent, at 5,057.2 points.

More from Business Spectator