MARKETS SPECTATOR: Seeking direction

The local market looks set to open lower after a packed US session saw investors digesting three days' worth of data, while all eyes will be on Chinese PMI.

In the first trading session in four days, stocks managed to open the session firmly in the black before drifting into negative territory and now recovering to be hovering around the flat line.

The NASDAQ is the worst performer, down 0.4 per cent, while the S&P 500 and Dow Jones Industrial Average are 0.15 and 0.07 per cent firmer respectively.

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