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Aust stocks set to open flat

Local market expected to begin little changed despite upbeat US retail data.
By · 21 Nov 2013
By ·
21 Nov 2013
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The Australian stock market looks set to open flat after falls on international markets despite better-than-expected United States retail figures.

At 0645 AEDT, the December share price index futures contract was up three points at 5,315 points.

In economic news on Thursday, Reserve Bank of Australia governor Glenn Stevens is slated to give a speech called The Australian Dollar: Thirty Years of Floating at the Australian Business Economists (ABE) Annual Dinner.

In equities news, BHP Billiton, Sonic Healthcare, Goodman Group, Paladin Energy and Ausdrill have annual general meetings scheduled.

In Australia, the market on Wednesday closed lower for the third straight day as investors reacted to negative comments from the head of the US central bank.

The benchmark S&P/ASX200 index dropped 45.2 points, or 0.84%, to 5,307.7.

The broader All Ordinaries index shed 43.2 points, or 0.81%, to 5,304.6.

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