Aust stocks open 1% higher

Local market follows Wall St leads higher as US earnings season commences.

The Australian stock market opened higher following gains on Wall Street and European bourses as aluminium giant Alcoa kicked of the US earnings season.

At the 1015 AEST official market open, the benchmark S&P/ASX200 rose 0.98% to 4,856.7 points, while the broader All Ordinaries index lifted 0.93% higher to 4,842.3 points.

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