The Australian share market has opened lower in the absence of a lead from US markets, which were shut for a public holiday, leaving local investors with only a negative lead from Europe and Britain.
The benchmark S&P/ASX200 stock index was down 21 points, or 0.36 per cent, at 5,882 points at 1030 AEDT, with weakness among the big banks and most major miners.
With US and most Asian markets closed for public holidays, the only leads available for the Australian market were from Europe and London – and they were firmly down.
London’s FTSE100 closed 0.64 per cent lower and Germany’s DAX lost 0.53 per cent.
Phillip Capital senior client adviser Michael Heffernan said the futures market had pointed to a weaker open on Tuesday and there was no m…
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