SYDNEY: The Australian market looks set to open higher, following gains on Wall Street overnight.
The December share price index futures contract was up 40 points at 5,247 points.
Wall Street stocks have finished solidly higher, following global equity markets upward on rising confidence the US Federal Reserve will delay hiking interest rates.
Locally, the Reserve Bank of Australia releases its twice a year Financial Stability Review.
And in equities news, Rio Tinto releases its third quarter production report.
In Australia, the market on Thursday made modest gains on expectations that weak economic data from the US and disappointing jobs numbers in Australia will keep interest rates low.
The benchmark S&P/ASX200 index was up 32.7 points, or 0.63 per cent, at 5,230.0 points.
The broader All Ordinaries index was up 35.2 points, or 0.67 per cent, at 5,265.6 points.
