Aust stocks set to open flat

Local market expected to begin little changed after Yellen testimony.

The Australian stock market looks set to open flat after international markets rose amid optimism prospective Federal Reserve chief Janet Yellen will continue economic stimulus measures.

At 0650 AEDT, the December share price index futures contract was up three points at 5,368.

In economic news on Friday, the Reserve Bank of Australia holds its Payments System board meeting.

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