Aust stocks set to open higher

Local market expected to begin week stronger on the back of a record-breaking session on Wall Street.

The Australian stock market looks set to open higher after Wall Street's strong gains following better-than-expected United States jobs figures.

At 0707 AEDT, the December share price index futures contract was up 55 points at 5,464 points.

The US Labor Department reported the US economy added 204,000 jobs in October, double what analysts forecast, and revisions to the previous two months added another 60,000 jobs.

Locally, in economic news on Monday, Reserve Bank of Australia head of domestic markets department Chris Aylmer speaks on Developments in Secured Issuance and RBA Reporting Initiatives, at the Australian Securitisation 2013 Annual Conference.

And, the Australian Bureau of Statistics releases housing finance figures for September.

In equities news, Orica is expected to post full year results while NRW Holdings (NWH) and CSG Ltd (CSV) have annual general meetings scheduled.

In Australia, the market on Friday fell as weaker commodity prices weighed down the big miners and banking giant Westpac paid out its dividend.

The benchmark S&P/ASX200 index was down 21.3 points, or 0.39%, at 5,400.7 points.

The broader All Ordinaries index was down 21 points, or 0.39%, at 5,394.4 points.

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