The Australian sharemarket opened slightly after Wall Street fell a day before the release of major US economic data.
At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index lost 9.3 points, or 0.2%, to 5,516.1, while the broader All Ordinaries index fell 9.3 points, or 0.17%, to 5,497.4 points.
In economic news on Thursday, the bureau of statistics releases private new capital expenditure and expected expenditure data for the March quarter.
The Housing Industry Association releases its new home sales figures for April.
The market on Wednesday closed higher, with the benchmark S&P/ASX200 index adding 15.5 points to 5,527.2 and the broader All Ordinaries index gaining 15.9 points to 5,506.7