Aust stocks set to lift at open

Local market expected to push slightly higher at beginning of trading for the week.

The Australian stock market looks set to open slightly higher after Wall Street ended last week with slight gains.

At 0645 AEST, the September share price index futures contract was up eight points at 5016.

Australian Competition and Consumer Commission chairman Rod Sims is slated to speak at at the Australian Institute of Company Directors Leaders' Edge lunch in Melbourne.

No major equities news is expected.

In Australia, the market on Friday closed higher thanks to a rally by banking shares that helped offset weaker resources stocks.

The benchmark S&P/ASX200 index was up 6.4 points, or 0.13%, at 5,042.0 points, while the broader All Ordinaries index was up 5.5 points, or 0.11%, to 5023.8 points

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