Aust stocks set to open stronger

Local market expected to push higher in early trade after modest Wall St gains.

The Australian stock market looks set to open higher, following Wall Street's lead after the Dow Jones and the S&P 500 closed at all-time highs for the third straight session as Chinese economic growth data offset disappointing US retail sales figures.

US retail sales rose just 0.4% in June, below the 0.7% expected by analysts. But China's second-quarter gross domestic product growth came in at 7.5%, in line with expectations and better than what some experts had feared.

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