Aust stocks open little changed

Local market begins flat in early trade after geopolitical worries weighed on Wall Street.

The Australian sharemarket opened little changed after Wall Street slipped on the back of geopolitical worries weighing on sentiment.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index inched down 0.2 of a point to 5,539.7 points, while the broader All Ordinaries index lifted 1 point, or 0.02%, to 5,529.7 points.

Geopolitical concerns, with the downing of Malaysia Airlines flight MH17 and attacks on Gaza, have dampened investor sentiment on global bourses.

In local economic news on Tuesday, Reserve Bank of Australia governor Glenn Stevens addresses the Anika Foundation Luncheon in Sydney, while the RBA's assistant governor (financial markets), Guy Debelle, is slated to be a panel participation at the 2nd Latin American Australia Investors Forum, also in Sydney.

In equities news, the chief executives of BHP Billiton, Telstra, ANZ and GE mining are slated to speak at the B20 meeting in Sydney.

FFG is due to list on ASX, the first internet incubator to do so.

Meanwhile, Antares Energy is expected to face an attempt to have its directors replaced at its annual general meeting in Perth.

In Australia, the market on Monday crept to a new six-year high after investors put aside geopolitical concerns arising from the shooting down of Malaysia Airlines flight MH17 and focused on company earnings reports in the United States.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles