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PREVIOUS ARTICLE CommSec Daily Report Tuesday NEXT ARTICLE Stocks to watch

The Australian share market looks set to open firmly in the red with little to offer guidance as Wall Street stays closed for the Martin Luther King Jnr public holiday.

At 0700 AEDT on Tuesday, the share price futures index was down 13 points, or 0.22 per cent, at 6,013.

Global share markets have been mixed, offering little by way of direction for the Australian market on Tuesday.

Germany’s DAX and London’s FTSE100 fell amid the collapse of long-struggling construction and support services company Carillion collapsed.

In Asia, Tokyo’s Japan’s Nikkei index rose, China’s CI300 closed flat while Hong Kong’s benchmark Hang Seng Index declined amid a retreat in property shares and China’s Shanghai Composite Index also fell, by more than half a per cent.

Locally, in economic news on Tuesday, the Australian Bureau of Statistics is due to release December’s new motor vehicles sales figures.

The ANZ-Roy Morgan Consumer Confidence weekly survey is also due out.

In equities news, Rio Tinto is expected to provide a quarterly operations review while Mirabooka Investments is slated to release half-year results.

The Australian market on Monday closed modestly higher after the miners offset weakness from the energy players and a flat performance by the banks.

The benchmark S&P/ASX200 index rose seven points, or 0.12 per cent, to 6,077.1 points while the broader All Ordinaries index lifted 10.9 points, or 0.18 per cent, to 6,187.7 points.

Meanwhile, the Australian dollar has extended its rise against a weakened US dollar.

The local currency was trading at 79.68 US cents at 0700 AEDT on Tuesday, from 79.54 on Monday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 79.68 US cents, from 79.54 on Monday

* 88.00 Japanese yen, from 88.06 yen

* 64.94 euro cents, from 65.07 euro cents

* 57.76 British pence, from 57.86 pence

* 109.13 NZ cents, from 109.36 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,339.60 per fine ounce, from $US1,343.61 per fine ounce on Monday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 2.0432pct, unchanged

* CGS 4.75pct April 2027, 2.7182pct, unchanged

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.225 (implying a yield of 2.775pct), from 97.230 (implying a yield of 2.770pct) on Monday

* March 2018 3-year bond futures contract at 97.815 (2.185pct), from 97.810 (2.190pct).

(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)