Aust stocks set to open higher

Slightly stronger start for the week expected for ASX on back of Wall Street record.

The Australian share market is expected to open slightly higher this week on the back of gains in global markets.

AMP chief economist Shane Oliver is tipping a lift of five to 10 points at the local open.

The S&P 500 finished the week above 1,900 for the first time after a positive report on US new-home sales helped to push Wall Street stocks broadly higher.

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