Australian share market set to open higher

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THE Australian market looks set to open higher, following the lead of European shares with Wall Street closed for the Thanksgiving pubic holiday.

At 0645 AEDT on Friday, the share price index was up 20 points at 5,5517. Locally, no major economic news is expected on Friday.

In equities news, Primary Health Care and Australian Dairy Farms Group have their annual general meetings.

Meanwhile, Rio Tinto chief executive Jean-Sebastien Jacques is slated to speak at the Melbourne Mining Club in Melbourne.

Also, the Innovation Summit: What makes Australia different? summit is on in Sydney, and the East Coast Gas and Energy Summit wraps up in Adelaide.

In Australia, the market on Thursday closed almost unchanged as investors paused ahead of the Thanksgiving holiday in the US.

The benchmark S&P/ASX200 index rose just 0.7 points, or 0.01 per cent, to 5,485.1 points.

But the broader All Ordinaries index fell 0.9 points, or 0.02 per cent, to 5,549 points.