Australian sharemarket preview

THE Australian market looks set to open lower, following Wall Street's lead of Friday but breaking last week's local positive trend. At 6.52am (AEDT) today, the December share price index futures contract was down 26 points at 4150. In economic news today, the ANZ job advertisements series for September are released. No major equities news is expected. In Australia, the market on Friday closed in the black for the third straight day, finishing the best week in more than a year as money flowed back into stocks on confidence European banks will be strengthened against a possible Greek default The benchmark S&P/ASX200 index had gained 93 points, or 2.3 per cent, to 4162.9 and the broader All Ordinaries index climbed 92.9 points, or 2.25 per cent, to 4225.