Aust stocks open little changed

Local market begins flat following modest fall on Wall Street overnight in quiet trade.

The Australian sharemarket open little changed despite a modest fall on Wall Street overnight in quiet trade.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index slipped 4.1 points, or 0.07%, to 5,475.6 points, while the broader All Ordinaries index dropped 4.4 points, or 0.08%, to 5,456.1 points.

In economic news on Wednesday, the bureau of statistics releases national accounts, including gross domestic product for the March quarter.

The bureau also releases overseas arrivals and departures numbers for April.

The Reserve Bank's head of financial stability Luci Ellis is also delivering a speech at the University of Adelaide.

The market on Tuesday closed lower, with the benchmark S&P/ASX200 index dropping 38.8 points to 5,479.7 and the broader All Ordinaries index shedding 38.7 points to 5,460.5.

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