Aust stocks set to open lower

Local market tipped to begin weaker after Syria fears eroded Wall St's early gains.

The Australian stock market looks set to open lower despite a rise in United State stocks, although concerns about a possible military strike on Syria cut into Wall Street's early gains.

At 0645 AEST on Wednesday, the September share price index futures contract was down 39 points at 5,151.

In economic news on Wednesday, the Australian Bureau of Statistics releases national accounts figures, including gross domestic product, for the June quarter, along with overseas arrivals and departures numbers for July.

Meanwhile, the Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (PSI) for month just ended is due to be released.

No major equities news is expected.

In Australia, the market on Tuesday edged higher despite disappointing figures on retail sales and Australia's widening current account deficit.

The benchmark S&P/ASX200 index gained 8.3 points, or 0.16%, to 5,196.6 points.

The broader All Ordinaries index added 10.9 points, or 0.21%, higher to 5,188.9 points.

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