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.

In company news, Leighton holds its annual general meeting in Sydney, while agribusiness Elders and paint and home renovation group DuluxGroup release half year financial results.

The market on Friday fell, with the benchmark S&P/ASX200 index dropping 31.8 points to 5,479 and the broader All Ordinaries index shedding 31.3 points to 5,458.9.

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