Stocks to watch on the Australian stock exchange:

BHP – BHP BILLITON

FMG – FORTESCUE METALS GROUP

RIO – RIO TINTO

The price of iron has continued its recent decline, falling $US2.83,to $US63.41.

ERA – ENERGY RESOURCES OF AUSTRALIA

Rio Tinto-controlled Energy Resources of Australia has its general meeting in Darwin on Wednesday.

ORG – ORIGIN ENERGY

STO – SANTOS

WPL – WOODSIDE PETROLEUM

Oil prices have slumped for the second day in a row, after Saudi Arabia objected to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market.

QBE – QBE

Insurer QBE holds its annual general meeting on Wednesday.

SIP – SIGMA PHARMACEUTICALS

Sigma Pharmaceuticals’ annual general meeting is on in Melbourne.

STO – SANTOS

Santos has its annual general meeting in Adelaide on Wednesday.