Aust stocks open little changed

Local market flat in early trade after falls on global bourses overnight.

The Australian stock market opened little changed after falls on international bourses amid growing speculation the Federal Reserve may start cutting its stimulus program this month.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index edged down 0.07% to 5,059 points, while the broader All Ordinaries index slipped 0.11% to 5,063.8 points.

In economic news on Friday, the Australian Bureau of Statistics releases October lending finance data.

In equities news, Westpac has its annual general meeting scheduled.

In Australia, the market on Thursday fell for a sixth straight day with investors appearing to book profits after a good year and recent negative economic news.

The benchmark S&P/ASX200 index was down 41.7 points, or 0.82%, at 5,062.5 points.

The broader All Ordinaries index was down 40.3 points, or 0.79%, at 5,069.2 points.

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