Australia shares seen lower on economy worries

SYDNEY, Oct 29 - Australian stocks are set to continue their run of losses on Thursday after disappointing U.S. data raised concerns over the health of an economic recovery and sent Wall Street tumbling.

Australia & New Zealand Bank <ANZ.AX> will be a focus after it reports full-year earnings, due before the market opens. It is seen reporting a 50 percent rise in its second-half cash profit.

Its chief executive had said in August that bad debts had started to bottom out.

Resource stocks may struggle after falls in metals and oil prices.

Share index futures <YAPcm1> stood at 4,612 points, a 73.1 point discount to the 4,685.1 close in the S&P/ASX 200 index <.AXJO> on Wednesday.

Retailer Myer's institutional bookbuild closes. Also on the calendar, annual meetings are being held by Toll Holdings <TOL.AX>, AGL Energy <AGK.AX> and Newcrest Mining <NCM.AX>. ----------------------MARKET SNAPSHOT @ 2028 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1042.63 -1.95% -20.780 USD/JPY <JPY=> 90.79 -1.07% -0.980 10-YR US TSY YLD <US10YT=RR> 3.4129 -- -0.039 SPOT GOLD <XAU=> 1027.3 -1.11% -11.500 US CRUDE <CLc1> 77.22 -2.93% -2.330 DOW JONES <.DJI> 9762.69 -1.21% -119.48 ASIA ADRS <.BKAS> 118.86 -2.92% -3.58 ------------------------------------------------------------- * Wall St slides as housing data sparks selling [.N] * Oil falls $2 on U.S. gasoline stock build [O/R] * Gold falls below $1,030/oz as dollar recovers [GOL/] * Copper hits 1-week low as data spurs demand worry [MET/L]

For a digest of the day's business stories in Australian newspapers, double click on [PRESS/AUB]