Aust stocks set to open lower

Market set to begin week softer following falls on Wall Street on profit-taking.

The Australian sharemarket looks set to open lower following Wall Street's fall on profit taking and caution over the Ukraine crisis.

At 6.45am (AEDT), the June share price index futures contract was down 21 points at 5,307.

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

In Australia, the market on Friday rose on the back of encouraging US economic data.

The US Conference Board's index of leading indicators rose 0.5% in February, the largest amount in three months. The Federal Reserve Bank of Philadelphia said manufacturing had rebounded in that region in March as new orders increased. And, the number of people seeking US unemployment benefits rose 5,000 last week to a seasonally-adjusted 320,000, suggesting a stable job market.

Australia's benchmark S&P/ASX200 index was up 44.1 points, or 0.83%, at 5,338.1.

The broader All Ordinaries index rose 41.3 points, or 0.78%, at 5,354.

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