Aust stocks set to open higher

Local market tipped to begin stronger as upbeat jobs report fuels Wall St gains.

The Australian stock market looks set to open higher following strong gains on Wall Street after a strong jobs report fuelled expectations that the Federal Reserve will begin to reduce its huge stimulus soon.

At 0645 AEDT, the December share price index futures contract was up 25 points at 5,209.

In economic news on Monday, the ANZ job advertisements series for month just ended is due out.

In equities news, the Australian Competition Tribunal has a case management conference in Melbourne on Murray Goulburn Co-operative Co's application regarding the proposed acquisition of Warrnambool Cheese and Butter Factory.

Amcor has a scheme meeting for vote on demerger of Orora scheduled and Brambles has investment briefing and QBE a trading update.

In Australia, the market on Friday closed lower as financial stocks dragged down the bourse ahead of the release of important jobs numbers in the US.

The benchmark S&P/ASX200 index was 12.0 points, or 0.23%, lower at 5,186.0.

The broader All Ordinaries index was down 10.9 points, or 0.21%, also at 5,186.0.

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