Aust stocks to open flat

Local market expected to begin little changed after falls on global bourses.

The Australian stock market looks set to open flat following falls on international markets overnight.

At 0645 AEDT on Thursday, the December share price index futures contract was up four points at 5,350 points.

In economic news, Reserve Bank of Australia is due to release its annual report to parliament, while RBA deputy governor Philip Lowe is slated to speak at the CFA Melbourne Institute's Annual Investment Conference in Melbourne.

In equities news, Wesfarmers (WES) is expected to release its first quarter sales results, while Newcrest Mining (NCM), Pacific Brands (PBG), Suncorp Group (SUN), Toll Holdings (TOL), Amcor (AMC), Warrnambool Cheese and Butter (WCB), Skilled Group (SKE), APA Group (APA) and Slater and Gordon (SGH) all have annual general meetings scheduled.

In Australia, the market on Wednesday fell for the first time in seven trading sessions following a jump in China's money market rate.

The benchmark S&P/ASX200 index was down 14.4 points, or 0.27%, at 5,356.8 points.

The December share price index futures contract was 10 points weaker at 5,346 points, with 23,103 contracts traded.

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