Aust stocks open flat

Local market in lacklustre start after Wall Street snaps a three-day streak of closing record highs.

The Australian stock market opened flat after Wall Street snapped a three-day streak of closing record highs, with cautious investors waiting for Ben Bernanke's testimony to Congress.

inched to a flat finish for the second straight session amid subdued trade across Asian markets, with the latest minutes from the Reserve Bank of Australia surprising traders with their lack of urgency on another rate cut. 


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