Aust stocks open slightly higher

Local market edges higher after upbeat Wall St leads, fresh Russia sanctions.

The Australian sharemarket has opened slightly higher, following upbeat Wall Street leads as investors digest fresh sanctions on Russia due to the Ukraine situation.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index rose 12.4 points, or 0.22%, at 5,548.5 points, while the broader All Ordinaries index added 11.4 points, or 0.21%, to 5,527.5 points.

IG market strategist Evan Lucas said global investors are waiting for the United States Federal Reserve meeting later this week, as well as key US jobs data, with expectations high for a strong print.

Overnight trade was "all-in-all a very light news session and the calm is probably appreciated ahead of the rush which is likely to come at the end of the week," Mr Lucas said.