Weak Opening After Wall Street Drop

ASX May Open Weaker Today
SHARE investors today will follow another poor lead from Wall Street before what's likely to be more conflicting signals about the local economy's health from a string of blue-chip profit disclosures.

More than 70 June-balance companies are expected to report this week, headed by the world's biggest miner, BHP Billiton.

ASX 200 futures trading points to the market opening 0.7 per cent lower, extending Friday's 3.5 per cent rout. The market received another weak lead from Wall Street on Friday, with the Dow Jones industrial average tumbling 1.57 per cent on persistent Eurozone debt and European banking concerns. It fell 4 per cent over the week.