Aust shares set to open higher

Australian shares look set to open higher on the back of a rise on Wall Street overnight as industrials rebounded following trade concerns.

In futures trading, the SPI200 futures contract was up 24 points, or 0.39 per cent, to 6,241 points at 0720 AEST, pointing to a higher open for the Australian stock market on Friday.

On Wall Street the Dow Jones Industrial Average is up 224 points, or 0.91 per cent at 24,924 points

The Australian dollar is buying 74.08 US cents.