Aust stocks set to open lower

Local market tipped to commence week softer despite strong Wall St gains on upbeat US jobs data.

The Australian stock market looks set to open lower despite strong gains on Wall Street following good jobs data.

At 0645 AEST on Monday, the September share price index futures contract was down 13 points at 4,781.

In economic news on Monday, the Australian Bureau of Statistics (ABS) releases overseas arrivals and departures numbers for May while the ANZ job advertisements series for June is also due out.

No major equities news is expected.

In Australia, the market finished last week higher after recording its second straight day of gains.

Investor confidence was boosted by intentions to stimulate economic growth in Europe, sending shares about one% higher on Friday.

The benchmark S&P/ASX200 index was up 45.0 points, or 0.98%, at 4,841.7 points, while the broader All Ordinaries index was up 45.4 points, or 0.95%, to 4,826.4 points

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