Aust stocks set to open higher

Market tipped for strong start after S&P 500 eked out a new record on Wall Street.

The Australian sharemarket looks set to open higher after a mixed performance on Wall Street where the S&P 500 reached a record high.

At 6.45am (AEST) on Thursday, the September share price index futures contract was up 17 points at 5,544.

The S&P 500 added 3.48 points (0.18%) to 1,987.01, breaching a record set three weeks ago by about three points.

Locally, no major economic news is expected on Thursday.

In equities news, Newcrest Mining, Oceana Gold, Petsec Energy and Atlas Iron are expected to post quarterly reports while Macquarie Group has its annual general meeting scheduled.

On Wednesday, Australian stocks hit six-year highs on the back of strong US leads and a record production report from miner BHP Billiton.

The close of 5576.7 points and intraday high of 5598 were both the ASX200's highest levels since 2008, and it finished its sixth straight day of gains.

The benchmark S&P/ASX200 index was 33.4 points, or 0.6%, higher at 5,576.7.

The broader All Ordinaries index was up 33.0 points, or 0.60%, at 5,567.0.

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