Aust stocks open higher

Local market follows gains on international bourses to lift slightly.

The Australian stock market has opened slightly higher, following gains on international markets overnight.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index put on 0.44%, to 5,410.9 points, while the broader All Ordinaries index rose 0.44% to 5,404.5 points.

In economic news, the Australian Bureau of Statistics releases September's lending finance figures.

The National Australia Bank's monthly business survey for October is expected.

In equities news, News Corporation announced its first quarter earnings, Incitec Pivot revealed its full year results, SP Ausnet posts first half results and Aurora Oil & Gas releases third quarter results.

Charter Hall Group and BC Iron have annual general meetings scheduled.

In Australia, the market yesterday closed lower as investors put aside a positive lead from US markets and took a breather from a strong run upwards in recent months.

The benchmark S&P/ASX200 index dropped 13.6 points, or 0.25%, to 5,387.1 points.

The broader All Ordinaries index shed also 13.6 points, or 0.25%, to 5,380.8 points.

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