Aust stocks open flat

Local market begins little changed after weak leads from global bourses.

The Australian stock market opened flat following slides on international markets after a US Federal Reserve official said there could be a small cut in its stimulus program next week.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index dropped edged down 0.05% to 5,141.1 points, while the broader All Ordinaries index fell 0.03% to 5,144.5 points.

St Louis Fed President James Bullard said "a small taper" of the bank's $US85 billion-a-month bond-buying scheme could be on the cards at the central bank's December 17-18 policy meeting.

Locally, in economic news on Wednesday, the Westpac/Melbourne Institute Survey of Consumer Sentiment is due out.

In equities news, DorsaVi (DVL) lists on the Australia Stock Exchange (ASX).

In Australia, the market on Tuesday closed almost flat, with investors running out of steam after a strong start.

The benchmark S&P/ASX200 index dropped 0.8 points, or 0.02%, to 5,143.6 points.

The broader All Ordinaries index shed 2.2 points, or 0.04%, to 5,146.2 points.

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