Aust stocks set to open higher

Local market expected lift slightly on the back of modest Wall St gains.

The Australian stock market looks set to open slightly higher after Wall Street rose on encouraging US employment data.

At 0700 AEST, the September share price index futures contract was up nine points at 5,147 points.

In economic news on Friday, the Australian Industry Group and Housing Industry Association's performance of construction index for August is released.

Future Fund chairman David Gonski is also scheduled to speak about Australia's missed opportunities in Asia at a CEDA event in Melbourne.

The market on Thursday was pulled back by falls among resources and banking stocks.

The benchmark S&P/ASX200 index dropped 19.1 points, or 0.37 per cent, lower to 5,142.5, and the broader All Ordinaries index fell by 18.1 points, or 0.35%, to 5,138.4.