Aust stocks open flat
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The Australian stock market has opened flat despite gains on Wall Street as fears of an imminent strike against Syria eased.
At 1015 AEST official market open, the benchmark S&P/ASX200 index inched down 0.05% to 5,089.7 points, while the broader All Ordinaries index also edged 0.05% lower to 5,080.7 points.
An upgrade to United States second-quarter economic growth also helped US markets. It came in at an annual rate of 2.5%, faster than the original estimate of 1.7%.
IG analyst Stan Shamu said at close yesterday, the local market was down 0.6% for the week.
"This is not too bad a result considering the political event risk that has dominated global markets all week," Mr Shamu said.
"We feel we could see a good recovery heading into the weekend as investors react to some of the positive leads from US trade."
In economic news, the Reserve Bank of Australia is due to release financial aggregates data.
In Australia, the market yesterday finished higher, but activity remains overshadowed by concerns about the Syrian conflict.
The benchmark S&P/ASX200 index was up 5.2 points, or 0.1%, at 5,092.4 points.
The broader All Ordinaries index was up 5.1 points, or 0.1%, at 5,083.1 points.
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