Aust stocks set to open higher

Local market to lift as EU data shows region may be edging out of recession.

The Australian stock market looks set to open higher with international markets boosted by encouraging eurozone data signalling that the 17-nation bloc may be edging out of recession.

At 0647 AEST, the September share price index futures contract was up 18 points at 5,134.

In economic news, the Australian Bureau of Statistics will release the wage price index for June quarter while the Westpac/Melbourne Institute Survey of Consumer Sentiment is also due out.

In equities news, Commonwealth Bank (CBA), Southern Cross Austereo (SXL), CSL (CSL), (CRZ), Goodman Fielder (GFF), WorleyParsons (WOR), Computershare (CPU) and Primary Health Care (PRY) are expected to post full year results.

OZ Minerals (OZL) and Leighton Holdings (LEI) are slated to release first half results, while SingTel will announce first quarter results.

Qantas (QAN) chief executive Alan Joyce is due to speak at an American Chamber of Commerce in Australia lunch.

In Australia, the market on Tuesday hit a three month high, with investors buoyed by positive local earnings performances and potential stimulus measures in Japan.

The benchmark S&P/ASX200 index wasup 49 points, or 0.96%, at 5,157.7.

The broader All Ordinaries index was up 47.5 points, or 0.93%, at 5,141.6.

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