Aust stocks set to open higher

Local market tipped begin week stronger following Wall Street gains.

The Australian stock market looks set to open higher following gains on Wall Street markets as investors shrugged off a report showing poor industrial output in January as mainly weather-related.

At 0645 AEDT, the March share price index futures contract was up 44 points at 5,352.

The Dow Jones Industrial Average jumped 126.80 (0.79%) to 16,154.39 points at the end of last week.

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