Aust stocks tipped to open flat

AAP, with a staff reporter

The Australian market is tipped to open flat despite gains on Wall Street overnight following weaker-than-expected US manufacturing and construction spending figures.

At 0657 AEST on Tuesday, the June share price index futures contract was down four points at 4,881.

In economic news on Tuesday, the Reserve Bank of Australia makes its interest rate decision at its monthly board meeting.

The Australian Bureau of Statistics releases balance of payments and international investment position for the March quarter; the government finance statistics for the March quarter; and overseas arrivals and departures figures.

Coles Chief executive Ian Mcleod is scheduled to speak at AMCHAM lunch while Deloitte Access Economics partner Professor Ian Harper presents a report on the role of superannuation in the economy.

No major equities news is expected.

In Australia, the market on Monday finished lower as investors sold off mining stocks due to weaker commodity prices.

The benchmark S&P/ASX200 index was down 38.3 points, or 0.78 per cent, at 4,888.3 points, while the broader All Ordinaries index was down 40.3 points, or 0.82 per cent, to 4,873.7 points.

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