The local market is set for modest losses after US tech stocks fell hard overnight. : Financials and energy were the only two sectors in the green at the open, up 0.6 per cent and 0.35 per cent respectively. All other subsectors were down or flat, with CSL dragging health care stocks lower as it opened 3.1 per cent lower to $258.70. Small business accounting firm Xero is expanding its portfolio of planning tools, announcing this morning it has inked a $284 million deal to buy European workplace management platform Planday.

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