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.

Meanwhile, ASIC chairman Greg Medcraft is scheduled to speak at an American Chamber of Commerce in Australia lunch, in Sydney.

In equities news, the OzForex Group (OFX) lists on Australian Securities Exchange.

In Australia, the market on Thursday fell with commodity price driving local stocks lower despite the release of positive jobs numbers.

The benchmark S&P/ASX200 index was 5.9 points, or 0.11%, lower at 5,147.1.

The broader All Ordinaries index was down 5.4 points, or 0.1%, at 5,146.2.

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