Aust stocks rebound at open

Local market rises in early trade after suffering heavy fall in previous session.

The Australian stock market opened higher, rebounding from the heavy losses suffered in the previous session and bucking the trend of weaker global bourses.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index was 0.44% higher at 5033.6 points, while the broader All Ordinaries index was rose 0.41%, to 5016.9 6 points.

In economic news, the Australian Bureau of Statistics releases labour force figures for July.

Wang Jiahua, executive vice chairman of China Mining Association, is scheduled to speak at the Melbourne Mining Club.

In equities news, Rio Tinto will release its latest earnings results.

In Australia, the market on Wednesday took its heaviest fall in seven weeks, as healthy housing finance figures may have convinced investors the latest interest rate cut could be the last.

The benchmark S&P/ASX200 index was down 94.3 points, or 0.185%, at 5011.3 points, while the broader All Ordinaries index was down 91.4 points, or 1.80%, to 4,996.6 points.