Aust stocks to open lower

Local market expected to begin softer after weak Wall St close, mixed data.

The Australian stock market looks set to open lower after US stocks closed on a negative note following a mixed batch of economic data and a big jump in bond yields.

At 0645 AEST, the September share price index futures contract was down seven points at 5,064.

In economic news, the Australian Bureau of Statistics (ABS) is due to release new motor vehicle sales for July.

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