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.

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