Aust stocks set to open flat

Local market expected to be little changed in early trade on weak US leads.

The Australian stock market is set for a flat start after overseas markets lost ground as investors wait for major economic news coming out of the United States later in the week.

At 0705 AEST, the September share price index futures contract was up four points at 5,014.

In local economic news, the Australian Bureau of Statistics will release building approvals data for June on Tuesday.

Reserve Bank of Australia governor Glenn Stevens is scheduled to deliver a speech at a function in Sydney, and the Housing Industry Association publishes its trades report for June quarter.

In company news, Woolworths will release its fourth quarter sales.

Laboratory operator ALS holds its annual general meeting in Brisbane, Drillsearch Energy releases its quarterly report and education firm Navitas releases its full year financial results.

The market on Monday was pushed higher by shares in the four major banks.

The benchmark S&P/ASX200 index gained 4.3 points, or 0.09%, to 5046.3, and the broader All Ordinaries index added 4.1 points, or 0.08%, to 5027.9

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