Aust stocks set for mixed open

Bank and retail shares expected to lift, miners to fall on iron ore price weakness.

The Australian sharemarket is set to open slightly higher after Wall Street rose on Friday due to strong earnings from several retailers.

At 6.55am (AEST), the March share price index futures contract was up seven points at 5,498 points.

In local economic news on Monday, the Australian Bureau of Statistics releases international merchandise imports data for April.

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