Stocks of interest on the Australian Securities Exchange at close on Tuesday

The Treasury secretary stands by the forecasts included in this year's federal budget, though he says estimates may change.

Agribusiness Ruralco hopes an easing of hot and dry weather will help it recover from a half-year loss.

The Reserve Bank of Australia says it cut the cash rate in May to stimulate growth but gave no hints as to the chance of further cuts.

Drilling company Boart Longyear says reduced spending on mineral exploration is causing its earnings to fall.

Mining engineer Transfield Services has seen its shares dive by more than 20 per cent, amid suggestions the commodities boom has peaked.

The Australian dollar is still higher despite the market being in the mood to lock in profits.

Australian shares are weaker after the Reserve Bank's forecast on growth causes mining stocks to fall.

Stocks of interest on the Australian Securities Exchange at noon on Tuesday

The economic prospects for Australia's trading partners are looking a bit better for this year and 2014, the RBA minutes say.