Aust stocks open stronger

The Australian sharemarket opened higher following a positive lead from international markets.

The Australian sharemarket opened higher following a positive lead from international markets after data showed a pickup in US job creation.

At 10.15am (AEDT) official market open, the benchmark S&P/ASX200 index was up 12.4 points, or 0.23%, to 5,415.7 points.

The broader All Ordinaries index gained 12.1 points, or 0.22%, to 5,420.9 points.

Payrolls firm ADP said US businesses added 191,000 jobs in March, below the 215,000 projected by analysts, but an improvement on the 178,000 figure for February.

Locally, in economic news Reserve Bank of Australia governor Glenn Stevens is scheduled to address the American Chamber of Commerce in Australia (AMCHAM) business luncheon in Brisbane.

The Australian Bureau of Statistics is due to release February retail trade figures and international trade in goods and services, also for February, while the Australian Industry Group's Australian Performance of Services Index (PSI) for March is also slated for release.

Vale chief executive Murilo Ferreira is to speak at a Melbourne Mining Club lunch.

No major equities news is expected.

In Australia, the market on Wednesday on closed higher thanks to strength in the resources sector due to optimism about China's economy.

The benchmark S&P/ASX200 index was up 14.1 points, or 0.26%, to 5,403.3 points.

The broader All Ordinaries index gained 13.9 points, or also 0.26%, to 5,408.8 points.

Materials were mostly stronger, with the big miners posting healthy gains.

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