Aust stocks to open flat

Local market expected to open little changed on mixed leads from Wall Street.

The Australian stock market looks set to open flat following a mixed close on Wall Street and after a second consecutive day in which the S&P/ASX200 index closed above 5,000.

At 0640 AEST, the September share price index futures contract was steady points at 4,977.

In economic news on Wednesday, the Australian Bureau of Statistics is due to release the consumer price index (CPI) for the June quarter.

In equities news, Australand Property Group is scheduled to post half year results, while AMCIL is expected to release full year results and Atlas Iron is to announce June quarter results.

The NAB is hosting a National Small Business Summit Brisbane.

Origin Energy managing director Grant King, Santos chief executive David Knox, EnergyAustralia MD Richard McIndoe, and BG Group Australia chairman Catherine Tanna are slated to participate in an AFR energy forum in Sydney.

Meanwhile, Assistant Treasurer David Bradbury and opposition finance spokesman Mathias Cormann are due to debate tax issues at the Hilton Hotel in Sydney.

In Australia, the market on Tuesday, closed higher, helped by soaring gold and commodity prices.

The All Ordinaries index closed above 5,000 points for the first time since May 23, and the S&P/ASX200 index finished above 5,000 for a second consecutive day.

The benchmark S&P/ASX200 index was up 15.2 points, or 0.30%, at 5,017.1 points, while the broader All Ordinaries index was up 15.7 points, or 0.31%, to 5,004.6 points.

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