Aust stocks set to open higher

Local market expected to begin stronger following gains on global bourses.

The Australian stock market looks set to open higher following gains on international markets as traders reacted strongly to signs of a deal in Washington to avoid a dilapidating US debt default.

At 0645 AEDT on Friday, the December share price index futures contract was up 66 points at 5,199.

No major economic news is expected on Friday.

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