Scoreboard: Earnings caution

The local market is expected to open slightly lower as investors remain cautious ahead of earnings season, while higher iron ore, oil and gold prices should give a boost to the resources sector.

In US economic data, durable goods orders rose by 0.7 per cent in June, ahead of forecasts tipping a 0.5 per cent gain. Excluding defence equipment, orders rose by 0.7 per cent, ahead of projected gains of 0.6 per cent.

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