Aust stocks edge higher at open

Local market begins week in the black after Dow Jones hits fresh record high.

The Australian sharemarket opened slightly higher in quiet trade after the Dow Jones closed out last week at a fresh record high and ahead of tomorrow's federal budget.

At the 10.15am (AEST) official market open the benchmark S&P/ASX200 index added 19.7 points, or 0.36%, at 5,480.5 points, while the broader All Ordinaries index rose 18.2 points, or 0.33%, to 5,460.2 points.

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