Aust stocks set to open higher

Local market expected to lift as trading for the week starts following record US leads.

The Australian stock market looks set to open higher after Wall Street edged higher to new highs following strong banking earnings that offset a profit warning from UPS and fresh trouble for Boeing's Dreamliner aircraft.

At 0700 AEST, the September share price index futures contract was up 14 points at 4,950.


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