The Australian market is poised to open lower later this morning, following the trajectory of US and international bourses overnight which suffered after disappointing Japanese and Chinese data.

The December SPI futures contract is down 35 points, at 5355.

Chinese trade data showed exports increased in November by less than expected, while imports unexpectedly dropped, pushing the trade surplus to a record $US54.47 billion ($A58.93 billion).

Japanese data showed third-quarter economic growth fell 0.5 per cent quarter-on-quarter, worse than the 0.4 per cent shrinkage previously estimated.

In local economic news on Tuesday, the Australian Bureau of Statistics are expected to release the results of an independent technical review of its Labour Force figures.

Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey and the National Australia Bank’s business survey for November are due out.

No major equities news is expected.

Key numbers:

– SPI futures down 35pts at 5355

– AUD at 83.06 US cents

– Late on Wall St, S&P 500 -1%, Dow -0.7, Nasdaq -1.2%

– In Europe, Euro Stoxx 50 -0.9%, FTSE -1%, CAC -1%, DAX -0.7%

– Spot gold up $US12.91 to $US1205.26 an ounce

– Brent oil slides $US2.62 or 3.8%, to $US66.45 per barrel

What's on today:

NAB November business conditions, business confidence; UK October manufacturing output.

Stocks to watch:

Banks, Qantas, Virgin Australia.

Eighty-billion dollar industry fund AustralianSuper wants to own a piece of NSW and Queensland's up-for-sale power networks and is preparing to go to auction alongside two giant Canadian funds, according to the Street Talk column in the Australian Financial Review.

UBS has a "buy" on Harvey Norman and said HVN "remains our top-pick amongst the discretionary retail names". It has a 12-month price target of $3.80 on the stock.

Deutsche Bank maintains a "sell" recommendation on Newcrest Mining and has a price target on the gold miner of $8.10 a share.

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