Aust stocks set to open lower

Local market expected to slip in early trade on weak global leads.

The Australian stock market looks set to open lower following falls on overseas markets overnight.

At 0650 AEST, the September share price index futures contract was down 12 points at 4996.6.

In economic news on Thursday, the Australian Bureau of Statistics releases labour force figures for July.

Wang Jiahua, executive vice chairman of China Mining Association, is scheduled to speak at the Melbourne Mining Club.

In equities news, Rio Tinto (RIO) and Telstra (TLS) will release their latest earnings results.

In Australia, the market on Wednesday took its heaviest fall in seven weeks, as healthy housing finance figures may have convinced investors the latest interest rate cut could be the last.

The benchmark S&P/ASX200 index was down 94.3 points, or 0.185%, at 5011.3 points, while the broader All Ordinaries index was down 91.4 points, or 1.80%, to 4,996.6 points.

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