Aust stocks set to open higher


The Australian stock market looks set to open higher after Wall Street's rocky start ended with a more-than-one-per-cent gain, shrugging off fears that central banks will soon end their stimulus measures.

At 0632 AEST, the June share price index futures contract was up 59 points at 4,743.

No major economic or equities news is expected on Friday.

In Australia, the market on Thursday posted its 13th day of losses in 17 trading sessions amid worries about global economic growth and the winding back of stimulus packages.

The Australian market has given up 10 per cent of its value in three weeks.

The benchmark S&P/ASX200 index was down 28.7 points, or 0.61 per cent, at 4,695.8 points, while the broader All Ordinaries index was down 31.2 points, or 0.66 per cent, to 4,684.9 points.