Aust stocks set to open stronger

Local market expected to follow global bourses higher on Fed speculation.

The Australian stock market looks set to open higher following gains on international markets as investors interpret US jobs figures as meaning the Federal Reserve will continue its stimulus measures.

At 0645 AEDT, the December share price index futures contract was up 37 points at 5,393.

The US Labor Department report, issued belatedly due to the government shutdown, showed the country added 148,000 jobs in September, well below the 183,000 expected by analysts.

Locally, in economic news, the Australian Bureau of Statistics releases consumer price index for September quarter.

In equities news, Origin Energy (ORG), AGL (AGK), Super Retail Group (SUL), Treasury Wine Estates (TWE), Mortgage Choice (MOC) and Watpac (WTP) all have annual general meetings scheduled.

Meanwhile, Future Fund is expected to give a portfolio update while Telstra has an investor day in Sydney.

In Australia, the market on Tuesday reached a fresh five and a half year high as the world's biggest miner BHP Billiton drove market gains.

The benchmark S&P/ASX200 index gained 21.3 points, or 0.4%, to 5,373.1.

The broader All Ordinaries index added 19.7 points, or 0.37%, to 5,371.2.

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