Aust stocks open lower

Local market slides in early trade ahead of release of Sept unemployment data.

The Australian stock market opened lower despite modest gains on Wall Street and ahead of the release of the latest unemployment data today.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index fell 0.38% to 5,133.6 points, while the broader All Ordinaries index slipped 0.36% to 5,132.9 points.

The Australian Bureau of Statistics releases September labour force data at 1130 AEDT, with economists expecting the unemployment rate to remain at 5.8 per cent.

In company news, Bank of Queensland (BOQ) unveiled a strong lift in full-year profit.

NAB chief executive Cameron Clyne is also scheduled to deliver a speech at a Trans-Tasman Business Circle event in Melbourne.

Toll road owner Transurban Group holds its annual general meeting, also in Melbourne.

On Wednesday, the Australian share market edged higher, with the benchmark S&P/ASX200 index adding 3.6 points to 5,153 and the broader All Ordinaries index gaining 3.5 points to 5,151.6.

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