Aust stocks lift at open

Local market pushes to highest point in almost seven weeks on Wall Street gains

The Australian stock market opened almost 0.5% higher, climbing to its highest point in almost seven weeks, following gains on Wall Street markets as investors shrugged off a report showing poor industrial output in January as mainly weather-related.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index was 0.44% at 5,379.9 points, while the broader All Ordinaries index increased 0.46%, to 5,391.7 points.

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