Aust stocks open slightly lower

Local market slips after mixed performance on European bourses overnight.

The Australian stock market has opened little changed after a mixed performance on European bourses and the absence of direction from Wall Street, which was closed for a public holiday, while yesterday's Chinese data is still fresh in traders' minds.

At the 1015 AEDT official market open, the benchmark index S&P/ASX200 index slipped 0.34% to 5,277.2 points, while the broader All Ordinaries index declined 0.32% to 5,290.4 points.

China yesterday released official data showing flat growth of 7.7%, slightly higher than expected, but at its slowest pace in over a decade.

Locally, no major economic or equities news is expected.

In Australia, the market yesterday closed lower but recovered from solid losses in the middle of the day to be only slightly down.

The benchmark S&P/ASX200 index was down 10.9 points, or 0.21%, at 5,295 points.

The broader All Ordinaries index was down 8.8 points, or 0.17%, at 5,307.6 points.

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