Australian stock market outlook open down may 7 2012

Indonesia stock info - Australian stock market outlook open down may 7 2012 ; The Australian market looks set to open lower following the lead of Wall Street which ended its last session down on weak jobs data.At 0800 AEST on Monday, the June share price index futures contract was down 51 points at 4,340.

In economic news on Monday, Australian Industry Group/Housing Industry Association performance of construction index (PCI) for April is due out, as is the ANZ Job Ads data for April and the National Australia Bank Business figures for April.

In equities news, Orica Ltd is due to post half year results and GPT Group has an annual general meeting scheduled.

In Australia, the market on Friday closed lower with miners hit hardest on a day of widespread declines.

The benchmark S&P/ASX200 index ended down 33 points, or 0.75 per cent, at 4,396 points, while the broader All Ordinaries index fell 35.1 points, or 0.78 per cent, to 4,459.4 points.

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