Aust stocks set to open higher

Local market tipped to begin stronger following gains on Wall Street last week.

The Australian sharemarket looks set to open higher after solid gains on Wall Street with the Dow Jones Industrial Average reaching a fresh high at the end of last week.

At 6.45am (AEST), the September share price index futures contract was up 10 points at 5,390.

The Dow on Friday rose 25.62 points to 16,947.08.

Locally, no major economic or equities news is expected on Monday.

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