Aust stocks to open higher

Local market expected to begin stronger as earnings reports boost Wall St.

The Australian stock market looks set to open higher after Wall Street mostly gained following some solid retail earnings reports and with help from bond yields, which retreated from recent peaks.

At 0645 AEST, the September share price index futures contract was up seven points at 5,058.

In economic news on Wednesday, the Westpac-Melbourne Institute Leading Indexes of Economic Activity is due out.

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