Aust stocks set to open flat

Local market expected to begin little changed after Wall St closed mostly lower.

The Australian stock market looks set to open flat after Wall Street closed mainly lower following data showing US consumer confidence fell in September.

The looming deadline for raising the US debt ceiling also weighed on sentiment.

At 0645 AEST, the September share price index futures contract was down four points at 5,238.

In economic news on Wednesday, the Reserve Bank of Australia Financial Stability Review is due to be released.

In equities news, David Jones and Nufarm are expected to post full year results, while ASX has its annual general meeting scheduled.

In Australia, the market on Tuesday fell for a third straight day, thanks to uncertainty about the debt ceiling stand-off in the US Congress.

The benchmark S&P/ASX200 index was down 18.3 points, or 0.35%, at 5,234.2.

The broader All Ordinaries index was down 16.3 points, or 0.31%, at 5,229.5.

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