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Aust stocks set to open lower

Local market expected to begin weaker as Wall St continues run of losses.
By · 5 Dec 2013
By ·
5 Dec 2013
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The Australian stock market looks set to open lower after Wall Street continued its run of losses despite strong United States employment and trade reports.

At 0645 AEDT, the December share price index futures contract was down 10 points at 5,267.

In economic news on Thursday, the Australian Bureau of Statistics releases October international trade in goods and services data, and overseas arrivals and departure numbers for October.

Mitch Hooke, the retiring chief executive of the Minerals Council of Australia, will speak at a Melbourne Mining Club lunch.

In equities news, Nufarm has its annual general meeting scheduled.

In Australia, the market on Wednesday finished higher, bringing three days of losses to an end as the big miners fired on all cylinders.

The benchmark S&P/ASX200 index was 17.7 points, or 0.34%, higher at 5,273.8.

The broader All Ordinaries index was up 17.9 points, or 0.34%, at 5,267.5.

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