Australian shares retreat as Rio Tinto leads miners lower Rio hits 4-month trough, closes 2.5% lower Banks rise for sixth consecutive session NZ's Q2 inflation data due on Wednesday Updates to close By Sherin Sunny July 16 (Reuters) - Australian shares slipped on Tuesday from a record closing high in the previous session, as Rio Tinto led mining stocks lower after reporting second-quarter iron ore shipments below analyst estimates, while caution also set in ahead of June jobs data.

UPDATE 1-UK Stocks-Factors to watch on July 16 Adds new items, updates futures July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.5%. * OCADO: Ocado OCDO.L , the British online supermarket and technology group, on Tuesday reported a smaller first-half loss , said it was making "good progress" and raised its financial outlook for the full year.

CORRECTED-Some Japan buyers agree to pay Q3 aluminium premium of $172/T, up 16%-19% from Q2 Corrects to show the figure is "lower than" the initial offers in paragraph 2 TOKYO, July 16 (Reuters) - Some Japanese aluminium buyers have agreed to pay two global producers a premium of $172 per metric ton over the benchmark price for shipments in July to September, up 16%-19% from the previous quarter, two sources involved in the pricing talks said.

UK Stocks-Factors to watch on July 16 July 16 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%. * RIO TINTO: Global mining giant Rio Tinto RIO.L reported second-quarter iron ore shipments below analyst estimates reflecting impacts to production from a train derailment in mid-May. * RIO TINTO: Rio Tinto said its massive African iron ore project in Guinea that it is jointly developing with a Chinese consortium has received all the regulatory approvals

Iron ore retreats as investors await stimulus signal from key China meeting By Gabrielle Ng SINGAPORE, July 16 (Reuters) - Iron ore futures retreated on Tuesday as investors and traders grew wary of prospects of forceful stimulus from top consumer China from its third plenum following a slew of weaker-than-expected economic data. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended morning trade 0.24% lower at 830 yuan ($114.25) a metric ton, follo