Australian market set to open higher

THE Australian market looks set to open higher after better-than-expected trade figures out of China boosted markets worldwide.

Trader Peter Tuchman works on the floor of the New York Stock Exchange, Monday, April 11, 2016. U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China. (AP Photo/Richard Drew)

THE Australian market looks set to open higher after better-than-expected trade figures out of China boosted markets worldwide.

At 0645 AEST on Thursday, the share price index was up 37 points at 5,074.

Locally, in economic news on Thursday, the Australian Bureau of Statistics releases labour force data for March.

In equities news, Bendigo and Adelaide Bank is slated to give a strategy update.

In Australia, the market on Wednesday closed higher thanks to a lift in commodity prices and better-than-expected Chinese trade figures.

The benchmark S&P/ASX200 index gained 79.1 points, or 1.59 per cent, to 5,054.7 points.

The broader All Ordinaries index added 73.5 points, or 1.45 per cent, to 5,127.2 points.