Aust stocks set to open higher

Local market expected to lift despite mixed leads from US, EU bourses.

The Australian stock market looks set to open higher after a mixed result on Wall Street and European markets amid heightening concerns of yet another Greek bailout.

At 0645 AEST, the September share price index futures contract was up seven points at 5,067.

In economic news on Tuesday, the Treasury and the Finance departments are expected to release the pre-election Economic and Fiscal Outlook (PEFO), while the National Australia Bank's monthly business survey for July is also due out.

In equities news, Stockland (SGP), Bradken (BKN) and Domino's Pizza (DMP) are expected to post full year results.

In Australia, the market on Monday rose by more than one per cent as renewed optimism about China's economy prompted investors to pile into resources stocks.

The benchmark S&P/ASX200 index was up 53.5 points, or 1.06%, at 5,108.7 points, while the broader All Ordinaries index was up 55.3 points, or 1.1%, to 5,094.1 points.

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