Aust stocks set to open higher

Gains on international markets set the scene for trading in Australia.

The Australian market looks set to open higher following gains on international markets as dealers digest positive data from the US and China amid quiet trade on a public holiday.

At 0645 AEDT on Tuesday, the December share price index futures contract was up 22 points at 5,423.

In economic news on Tuesday, the Australian Bureau of Statistics releases September's lending finance figures.

The National Australia Bank's monthly business survey for October is expected.

In equities news, News Corporation is expected to announce its first quarter earnings, Incitec Pivot reveals its full year results, SP Ausnet posts first half results and Aurora Oil & Gas releases third quarter results.

Charter Hall Group and BC Iron have annual general meetings scheduled.

In Australia, the market on Monday closed lower as investors put aside a positive lead from US markets and took a breather from a strong run upwards in recent months.

The benchmark S&P/ASX200 index dropped 13.6 points, or 0.25%, to 5,387.1 points.

The broader All Ordinaries index shed also 13.6 points, or 0.25%, to 5,380.8 points.

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