Aust stocks set to open lower

Local market expected to follow global gains fuelled by strong Chinese data.

The Australian stock market looks set to open higher following gains on international markets on strong Chinese data and better sentiment on the European economy.

Chinese trade data for July showed that exports increased 5.1 per cent year-on-year to $US186.0 billion ($A207 billion), while imports rose 10.9 per cent to $US168.2 billion, revealing some ongoing strength in the Chinese economy.


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