A number of signs are pointing to the Australian share market opening lower today.
The price of key commodities, iron ore and copper, fell by 0.9 per cent each overnight.
Global markets are providing a weak lead, with Wall Street ending its day with a lacklustre performance.
What happened on Wall Street?
The US market hit record highs in early trade, driven by a surge in Cyber Monday online retail sales.
Amazon saw a 0 per cent rise in its share price after data from Adobe Analytics showed the retailer's Black Friday online sales rose nearly 17 per cent from last year.
But Wall Street has since retreated from those highs.
Telecommunications and utilities were the sectors which posted the highest gains — both rising by 0.6 per cent each.
Most S&P sectors traded flat, while the energy sector was the worst performer — falling by more than 1 per cent.
Chevron and Exxon Mobil shares slipped by 0.8 and 0.4 per cent respectively.
The drop in energy stocks was due to a fall in US oil prices, amid concerns about the outcome of the OPEC meeting later this week.
At this meeting, the world's largest oil producers and Russia will discuss a potential extension of production cuts to curb a global supply glut.
Australian market
ASX futures have fallen by 0.2 per cent, which is another sign of a lower open for the local share market.
Although there has been a drop in commodity prices, gold was the exception — lifting by 0.5 per cent to $US1,294.
The Australian dollar is weaker against the US dollar (-0.1 per cent), Japanese yen (-0.6 per cent) and New Zealand dollar (-0.5 per cent).
But the local currency strengthened against the British pound (+0.1 per cent) and euro (+0.3 per cent).
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