Aust stocks set to open higher

Local market expected to begin stronger as upbeat US car sales boost Wall St.

The Australian stock market looks set to open higher following Wall Street's jump after strong US car sales pointed to strength in the manufacturing sector.

At 0646 AEST, the September share price index futures contract was up 15 points at 5,171.

In economic news on Thursday, the Australian Bureau of Statistics will release international trade in goods and services data for July.

No major equities news is expected.

In Australia, the market on Wednesday lost ground as renewed concerns about a possible US military strike on Syria outweighed encouraging figures on economic growth.

The benchmark S&P/ASX200 index was down 35 points, or 0.67%, at 5,161.6 points.

The broader All Ordinaries index shed 32.4 points, or 0.62%, at 5,156.5 points.

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