Aust stocks open flat

Local market little changed as investors await news from US Fed meeting.

The local market opened flat after overseas markets lost ground as investors wait for news from the United States Federal Reserve meeting later in the week.

At the 1015 AEST official market open, the S&P/ASX 200 benchmark index was 0.17% lower at 5,037.6 points, while the broader All Ordinaries index also inched down 0.17% to 5,019.4 points.

Materials were mixed with the major miners gaining.

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