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Aust stocks set to open lower

Local market expected to begin weaker after mixed international leads.
By · 6 Aug 2013
By ·
6 Aug 2013
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The Australian stock market looks set to open lower following mixed performances on international markets overnight.

At 0645 AEST, the September share price index futures contract was down eight points at 5054.

In economic news, the Reserve Bank of Australia holds its monthly board meeting and makes it cash rate decision.

The Australian Bureau of Statistics releases June's international trade in goods and services figures and the house price indexes for eight capital cities for the June quarter.

Also due out is the ANZ job advertisements series for month just ended.

In equities news, Downer EDI and Cochlear are expected to post full year results.

In Australia, the market on Monday posted a slight fall, ending two weeks of gains by the market's largest companies.

The weaker performance was linked to data out of the United States on Friday that showed less jobs were created than expected in July, CMC Markets senior trader Tim Waterer said.

The benchmark S&P/ASX200 index was down 5.5 points, or 0.11%, at 5,111.3 points, while the broader All Ordinaries index was down 4.9 points, or 0.10%, to 5,093.8 points.

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