Aust stocks set to open higher

Local market expected to make modest gains after strong gains on Wall St pushed S&P 500 to a new all-time high.

The Australian stock market looks set to open higher following strong gains on Wall Street that took the S&P 500 to a new all-time high and gave the Nasdaq a 1.3% gain last week.

At 0645 AEDT, the December share price index futures contract was up 22 points at 5,343.

In economic news on Monday, the Commonwealth Bank's business sales indicator for September comes out.


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