Aust stocks open higher

Local market rises slightly following modest Wall Street gains as US GDP beat expectations.

The local market opened slightly higher after modest Wall Street gains as data showed United States gross domestic product grew better than expected.

At the 1015 AEST official market open, the S&P/ASX 200 benchmark index lifted 0.39% to 5,071.5 points, while the broader All Ordinaries index also rose 0.39% to 5,055.5 points.

Materials were mostly higher as the major miners rose.

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