Aust stocks open flat

Local market begins flat despite upbeat US GDP data pushing Wall St higher.

The Australian stock market opened little changed despite solid gains on Wall Street after data showed that the United States economy had grown better than expected.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index edged down 0.11%  to 5,182.6 points, while the broader All Ordinaries index was slipped 0.06% to 5,196.1 points.

In economic news on Friday, the Reserve Bank of Australia releases financial aggregates data for the December quarter while the Australian Bureau of Statistics releases producer price indexes for the same period.

In equities news, Origin Energy and Paladin Energy are expected to release quarterly reports.

In Australia, the market on Thursday fell as markets around the region reacted negatively to a further reduction in US economic stimulus measures, concerns over stability in emerging markets and figures confirming China's economic slowdown.

The benchmark S&P/ASX200 index was down 40.9 points, or 0.78%, at 5,188.1 points.

The broader All Ordinaries index was down 41.2 points, or 0.79%, at 5,199.4 points

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