Aust stocks to open higher

Local market tipped to lift on strong EU leads, despite Wall St being closed.

The Australian stock market looks set to open higher following gains on most European markets after the eurozone and British central banks signalled that stimulus measures would continue for some time and ahead of official US employment figures for June.

At 0642 AEST, the September share price index futures contract was up 35 points at 4,783.

In economic news on Friday, the Australian Industry Group/Housing Industry Association performance of construction index (PCI) for month just ended is due out.


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