Aust stocks set to open lower

Local market expected to weaken in early trade as Wall St continues downward trend.

The Australian stock market looks set to open lower after Wall Street continued its downward trend on mediocre economic news and higher bond yields.

At 0645 AEST, the September share price index futures contract was down 19 points at 5,069.

In economic news on Tuesday, the Reserve Bank of Australia is due to release the minutes of its monthly board meeting.

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