Aust stocks set to open higher

Local market expected to disregard Wall St falls as reality of shutdown sets in.

The Australian stock market looks set to open higher despite falls on Wall Street as the reality of the US government shutdown depressed markets along with fears of a American debt default.

At 0645 AEST on Thursday, the September share price index futures contract was up 14 points at 5,226.

In economic news on Thursday, the Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (PSI) for month just ended is due out.

No major equities news is expected.

In Australia, the market on Wednesday firmed as investors expect the partial US government shutdown to be resolved soon.

The benchmark S&P/ASX200 index gained 8.8 points, or 0.17%, to 5,215.6 points.

The broader All Ordinaries index added 8.6 points, or 0.17%, to 5,214.9 points.