set to fall

Get ready for another tough day for KAR

Bob


NETQUOTE MORNING MARKET REPORT FINAL
SYDNEY, Wednesday, May 19, 2010, AAP:

SYDNEY - The Australian share market looks set to fall when it opens on Wednesday after Wall Street resumed its slide due to the falling value of the euro.
At 0746 AEST on the Sydney Futures Exchange, the June share price index contract was 52 points lower at 4,440 points.
In economics news on Tuesday, Reserve Bank of Australia Assistant Governor Malcolm Edey and Assistant Treasurer Nick Sherry are to address the Australian Retail Deposits Conference in Sydney.
The Australian Bureau of Statistics releases international merchandise imports data for April, and the labour price index for March.
The Westpac/Melbourne Institute Survey of Consumer Sentiment for May is published, while Dun & Bradstreet releases its latest company risk data.
The Australian Office of Financial Management (AOFM) auctions $500 million of a February 2017 bond line.
In company news, AWB Ltd delivers half year results, and David Jones Ltd releases third quarter sales results.
Adelaide Brighton Ltd, Australian Agricultural Co Ltd, OZ Minerals Ltd and Gold One International Ltd hold annual general meetings.
Telstra Corporation chief executive David Thodey addresses a Trans-Tasman Business Circle luncheon in Sydney.
Fairfax Digital chief executive Jack Matthews addresses an American Chamber of Commerce in Australia luncheon.
Gerard Lighting Group Ltd and Vantage Goldfields Ltd list on the ASX.
The Australian Petroleum Production and Exploration Association (APPEA) Conference concludes in Brisbane.
On Tuesday, the local market closed near flat after directionless trading towards the end of the session following earlier highs.
The benchmark S&P/ASX200 index was 3.5 points higher, by 0.08 per cent, at 4,470.70 points, while the broader All Ordinaries index fell 0.7 point, or 0.02 per cent, to 4,500.