Australian shares edged lower

Australian shares edged lower in early trading, with the S&P/200 index losing 0.4% to 4,304.40 after Standard & Poor's placed 15 euro-zone countries on CreditWatch negative. Additionally, the Reserve Bank of Australia meets later Tuesday to decide on interest rates. The benchmark index ended higher Monday, gaining for the sixth straight session, as optimism for a solution to Europe's debt troubles gathered pace

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