Aust stocks set to open higher

The Australian stock market looks set to open higher following gains on Wall Street helped by data showing more strength and confidence in the US economy and as worries eased over a credit crunch in China.

The Australian stock market looks set to open higher following gains on Wall Street helped by data showing more strength and confidence in the US economy and as worries eased over a credit crunch in China.

At 0645 AEST, the September share price index futures contract was up 32 points at 4676.

No major economic or equities news is expected on Wednesday.

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