THE Australian stock market looks set to open weaker after a negative finish on overseas markets.
At 0707 AEST today, the June share price index futures contract was 63 points lower at 4,898 points, with 4,654 contracts traded.
In New York tody, the Dow Jones Industrial Average tumbled 1.79 per cent to 14,599.20 points, while the broad-based S&P500 slid 2.30 per cent to 1,552.36.
Meanwhile, the tech-heavy Nasdaq Composite Index sank 2.38 per cent to 3,216.49.
In economics news today, the Reserve Bank of Australia will release the minutes of its April board meeting.
In companies news, miner Rio Tinto will release its first quarter operations review.
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