Aust stocks set to open higher

Local market expected to push beyond key 5000 barrier in early trade on China news, modest US gains.

The Australian stock market looks set to open higher despite a mixed close on Wall Street and falls locally at the end of last week.

At 0645 AEST on Monday, the September share price index futures contract was up 21 points at 4,963.

No major economic news is expected on Monday.

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