Aust stocks set to open higher

Local market expected to continue to push upward in early trade on the back of strong Wall St lead and lifts in gold, oil prices.

The Australian stock market looks set to open higher following gains on Wall street driven by better-than-expected earnings from Amazon and Microsoft and solid results from Procter & Gamble and UPS.

At 0650 AEDT the December share price index futures contract was up 33 points at 5,418.

No major economic news is expected on Monday.

In equities news, GPT Group (GPT) is expected to give a third quarter report and strategy update, while Bendigo and Adelaide Bank (BEN) has its annual general meeting scheduled.

In Australia, the market on Friday defied falls on other Asian markets to end the week with a gain.

The benchmark S&P/ASX200 index was up 13.4 points, or 0.25%, at 5,386.3 points.

The broader All Ordinaries index was up 12 points, or 0..22%, at 5,385.7 points.

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