Aust stocks set to open lower

Local market tipped to being weaker as disappointing data weighs on Wall Street.

The Australian stock market looks set to open lower after Wall Street fell following a disappointing durable goods report which raised fresh concerns about the strength of the US economy.

The fall was sharply exacerbated when Secretary of State John Kerry warned the US would demand "accountability" after an "obscene" chemical weapons attack on Syrian civilians.

At 0645 AEST, the September share price index futures contract was down 29 points at 5,097.

No major economic news is expected on Tuesday.

In equities news, Billabong (BBG), Whitehaven Coal (WHC), Seven Group (SVW), Flight Centre (FLT), Noni B (NBL), Petsec Energy (PSA) and McMillan Shakespeare (MMS) are expected to post full year results, while Beach Energy (BPT) is slated to release first half results.

In Australia, the market on Monday finished higher as investors bought banking stocks in the absence of local drivers.

The benchmark S&P/ASX200 index was 12.0 points, or 0.23%, higher at 5,135.4.

The broader All Ordinaries index was up 11.9 points, or 0.23%, at 5,127.1

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