Aust stocks open flat

Local market little changed despite Wall St bump on car sales data.

The Australian stock market opened flat despite a jump on Wall Street after strong US car sales pointed to strength in the manufacturing sector.

At 1020 AEST, the benchmark S&P/ASX200 index was 0.06% lower at 5,158.3 points, while the broader All Ordinaries index edged down 0.05% to 5,154.1 points.

In economic news, the Australian Bureau of Statistics will release international trade in goods and services data for July.

No major equities news is expected.

In Australia, the market on Wednesday lost ground as renewed concerns about a possible US military strike on Syria outweighed encouraging figures on economic growth.

The benchmark S&P/ASX200 index was down 35 points, or 0.67%, at 5,161.6 points.

The broader All Ordinaries index shed 32.4 points, or 0.62%, at 5,156.5 points.

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