Aust stocks open flat

Local market begins little changed following mixed performance on Wall Street, US GDP data.

The Australian sharemarket opened flat following a mixed performance on Wall Street after the Federal Reserve kept interest rates near zero and surprisingly strong second quarter US economic growth data.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index rose 5.9 points, or 0.1%, to 5,628.8 points, while the broader All Ordinaries index lifted 5.2 points, or 0.09%, to 5,620.3 points.

In local economic news on Thursday, the Reserve Bank of Australia releases June's financial aggregates figures while the Australian Bureau of Statistics posts building approvals for the same month, and international trade price indexes for the June quarter.

In equities news, Origin Energy is expected to post a quarterly production report and Energy Resources of Australia to release its half year results.

On Wednesday, the Australian market reached a new six-year high, finishing above 5,600 for the first time since the global financial crisis.

The benchmark S&P/ASX200 index was up 35 points, or 0.62%, at 5,622.9 points, while the broader All Ordinaries index was up also 35 points, or also 0.62%, at 5,615.1 points.

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