Aust stocks open flat

Local market little changed after Wall St gains, European losses on Syria fears.

The Australian stock market opened little changed after Wall Street made modest gains but European bourses fell amid nervousness over possible action against Syria.

At 1015 AEST official market open, the benchmark S&P/ASX200 index inched down 0.02% to 5,086.3 points, while the broader All Ordinaries index edged 0.01% lower to 5,077.5 points.

In economic news, the Australian Bureau of Statistics releases private new capital expenditure and expected expenditure data for the June quarter while the HIA posts new home sales figures for July.

Meanwhile, Tabcorp (TAH) chief executive David Attenborough is slated to give a speech to an AMCHAM lunch.

In Australia, the market yesterday suffered its steepest one-day fall in three weeks as speculation about a United States military strike on Syria hits the big miners.

The benchmark S&P/ASX200 index was down 54 points, or 1.05%, at 5,087.2 points.

The broader All Ordinaries index was down 52.8 points, or 1.03%, at 5,078.0 points.