Banks are less keen to lend to housing investors, which could help cool the housing market and give the RBA less reason to raise interest rates.
AGL plans to sell of $1 billion worth of assets and cut costs by $200 million as part of an overhaul of its operations.
Asian markets mostly rose Tuesday
The share market is higher at noon as bargain hunters buy beaten-up stocks following falls in the Australian dollar.
Two Chinese companies have reportedly made applications to the Foreign Investment Review Board about investing in Fortescue Metals, pushing shares higher.
ANZ/Roy Morgan's consumer confidence index fell one per cent last week, partly reversing the 3.6 per cent gain made the week after the federal budget.
Stocks of interest on the Australian Securities Exchange
The Paris Bourse closed lower on Monday
The Australian sharemarket looks set to open flat.
Prime Minister Tony Abbott wants his small business package passed this week, but other budget measures will likely face a tougher challenge.
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