MELBOURNE, Dec 8 (Reuters) - Australian shares are set to open lower on Tuesday, hauled down by energy and mining stocks, with supply gluts and concerns about Chinese demand weighing on oil and metals prices.
Local share price index futures YAPcm1 fell 0.3 percent to 5,135.0 to sit at a 20.7-point discount to the underlying S&P/ASX 200 index .AXJO close, pointing to a weaker opening. The benchmark ticked up 0.08 percent on Monday.
New Zealand's benchmark NZX 50 index .NZ50 slipped 0.2 percent to 6,055.4 in early trade.
Agribusiness stocks GrainCorp GNC.AX and Elders Ltd ELD.AX will be in the frame after Australia issues its latest agricultural commodities forecast on Tuesday.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB