The Australian sharemarket is expected to open in the red on Tuesday after Wall Street traded flat overnight, and as investors await the Reserve Bank of Australia's (RBA) decision on interest rates due on Tuesday afternoon.
At 0716 AEDT on the Sydney Futures Exchange, the December share price index contract was 11 points lower at 4,684.
In economic news on Tuesday, the RBA holds its December board meeting, releasing its decision on interest rates at 1430 AEDT.
The Australian Industry Group/PricewaterhouseCoopers release their Australian Performance of Manufacturing Index for November.
The Australian Bureau of Statistics (ABS) issues building approvals data for October and the RBA also issues its index of commodity prices for October.
In company news, grocery wholesaler Metcash Ltd releases interim results.
Optus chief executive Paul O'Sullivan addresses the Committee for Economic Development of Australia on "Leveraging the National Broadband Network to deliver Australia 3.0".
The Australian share market closed higher on Monday, clawing back most of its losses from Friday's three per cent plunge, as investors piled into banking stocks after fears eased over Dubai's debt woes.
The benchmark S&P/ASX200 index rose 129.2 points, or 2.83 per cent, to 4,701.3, while the broader All Ordinaries index lifted 118.3 points, or 2.57 per cent, to 4,715.5.
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