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.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles