The Australia Stock Exchange is scheduled for a weak opening after Wall Street and European markets suffered heavy losses in their last sessions continuing concerns about European economies.
At 5:24 a.m. on the Sydney Futures Exchange, the June share price index contract was 79 points lower at 4531 points.
In economic news, the Australian Bureau of Statistics reported loans to finance the March data.
In corporate news, retailer Myer will release its third quarter sales results.
Rural services and automotive interior supplier of Elders reported half year results.
The Australian share market closed lower on Friday fueled investor caution by weak offshore leads.
The benchmark S & P/ASX200 index fell 41.7 points, or 0.9 percent to 4611.1 points, while the broader All Ordinaries index fell 36.5 points, or 0 78 percent to 4643.0 points.