Aust stocks set to open higher

Local market expected to follow strong Wall St leads after good jobs data.

The Australian market looks set to open higher after Wall Street's S&P 500 closed above 1,800 for the first time and the Dow recorded a fresh record.

At 0700 AEDT, the December share price index futures contract was up 23 points at 5,372.

No major economic news is expected.

In equities news, Foxtel chief executive Richard Freudenstein is slated to speak at an AMCHAM lunch in Sydney while ALS is expected to post first half results.

In Australia, the market on Friday finished higher, bringing a four-day losing streak to an end due to good employment news from the United States.

The benchmark S&P/ASX200 index was UP 47.6 points, or 0.9%, higher at 5,335.9.

The broader All Ordinaries index was up 46.0 points, or 0.87%, at 5,330.3.