Aust stocks open stronger
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The Australian stock market opened modestly higher following a mixed performance on international markets as investors await key United States jobs figures.
At the 1015 AEDT official market open, the benchmark S&P/ASX200 was 0.24% higher at 5,364.5 points, while the broader All Ordinaries index inched up 0.23%, at 5,363.6 points.
With the US government shutdown and default crisis out of the way for the time being, investors are now eyeing the delayed release of US non-farm payrolls data.
The figures, delayed because of the shutdown, will give investors a better idea of the state of the US economy and could have a bearing on when the Federal Reserve winds down its stimulus.
Locally, no major economic news is expected on Tuesday.
In equities news, Brambles Industries, Bradken, McMillan Shakespeare, Bega Cheese and Blackmores all have annual general meetings scheduled.
In Australia, the market on Monday closed at a new five-and-a-half-year high, after US and European markets lifted at the end of last week as US government services were re-opened.
The benchmark S&P/ASX200 index was up 30.3 points, or 0.57%, higher at 5,351.8 points.
The broader All Ordinaries index was up 30.5 points, or 0.57%, at 5,351.5 points.
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