Aust stocks open weaker

Local market edges lower in early trade following flat close on Wall Street in quiet trade.

The Australian sharemarket opened slightly lower after US stocks closed little changed after a quiet session on Wall Street, due to a lack of major economic or company news.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index lost 15.3 points, or 0.28%, to 5,454.4 points, while the broader All Ordinaries index gave up 15.4 points, or 0.28%, to 5,433.1 points.

In economic news on Wednesday, Westpac and the Melbourne Institute release their latest survey of consumer sentiment.

Reserve Bank of Australia chief information officer Sarv Girn is scheduled to speak at a Committee for Economic Development of Australia event.

The market on Tuesday closed slightly higher, with the benchmark S&P/ASX200 index adding 5.7 points to 5,469.7 and the broader All Ordinaries index gaining five points to 5,448.5.

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