Aust stocks set to open lower

Local market expected to follow Wall St leads lower after Fed minutes.

The Australian stock market looks set to open lower following falls on Wall Street after minutes from the Federal Reserve's last meeting gave no more clarity on the central bank's plans for its stimulus program.

At 0645 AEST, the September share price index futures contract was down 39 points at 5,040.

No major economic news is expected on Thursday.

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