Aust stocks set to open lower

Local market tipped to begin weaker as US budget talks weigh on Wall St.

The Australian stock market looks set to open lower after falls on Wall Street as investors remained cautious over the lack of progress in Washington budget talks.

At 0645 AEST, the September share price index futures contract was down 11 points at 5,265.

In economic news on Thursday, the Australian Bureau of Statistics relases job vacancy figures for August.

No major equities news is expected.

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