Australian market set to open higher

The Australian market looks set to open higher, following the positive lead from Wall Street which rose one per cent, thanks to Apple's strong performance.

At 0645 AEST on Friday, the share price index was up 34 points at 5,263.

Apple rose as much as 3.4 per cent, giving the three major indexes their biggest boost, on news the first quantities of its iPhone 7 Plus had sold out globally.

Locally, no major economic or equities news is expected on Friday.

However, the case between Woolworths and US company Lowe's over the Australian retailer's plans for its Masters unit is back in the Federal Court.

In Australia, the market on Thursday rose, pulled higher by the big four banks.

The benchmark S&P/ASX200 index closed up 12.2 points, or 0.23 per cent, at 5,239.9 points.

The broader All Ordinaries index rose 10.5 points, or 0.2 per cent, to 5,337.1 points.

Market Data

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