The Australian market looks set to open higher despite Wall Street's mainly negative lead in the previous session.
At 0710 AEST on Monday, the share price futures index was up 14 points, or 0.24 per cent, at 5,866.
Wall Street's three major indexes edged fractionally lower in a choppy session as investors grappled with a weaker-than-expected jobs report, the US airstrike in Syria and a top Federal Reserve official's comments on trimming the US central bank's balance sheet.
US employers added about 98,000 jobs in March, the fewest since last May and well below economists' expectation of 180,000, as bad weather hit construction hiring. However, wage growth edged up and unemployment fell.
New York Fed president William Dudley on Friday shed more light on the US central bank's developing plan for when to stop replacing bonds that expire in its portfolio, how to execute it, and how far it would ultimately shrink its balance sheet.
The Dow Jones Industrial Average fell 0.03 per cent while the S&P 500 dropped 0.8 per cent and the Nasdaq 0.02 per cent.
Locally, in major economic news on Monday, the Australian Bureau of Statistics releases February housing finance data, while the CoreLogic weekly survey of capital cities property prices and auction clearance rates is due out.
No major equities news is expected.
On Friday, Australian shares and the local currency rebounded after coming under pressure following a shock US missile strike on Syria that caused a plunge in regional equity markets and sparked a rally in oil and gold prices.
The local stock market, along with key Asian exchanges, fell as news of the missile strikes, launched by US warships against a Syrian airbase, broke late on Friday morning.
But shares recovered some ground to close slightly higher on the back of strong gains across the energy sector.
The benchmark S&P/ASX200 index closed 6.2 points, or 0.11 per cent, higher at 5,862.5 points.
The broader All Ordinaries index was up 5.3 points, or 0.09 per cent, at 5,902.6 points.
Meanwhile, the Australian dollar has fallen below 75 US cents, after on Friday recovering its initial losses following the US airstrike on a Syrian airbase.
Westpac's Imre Speizer said the US dollar index had gained 0.5 per cent and he expected the Aussie to continue its decline.
The local currency was trading at 74.94 US cents at 0710 AEST on Monday, from 75.24 on Friday.
But, the Australian dollar was up against other major currencies: the yen, euro, pound sterling and its NZ counterpart.
CURRENCY SNAPSHOT AT 0710 AEST:
One Australian dollar buys:
* 74.94 US cents, from 75.24 on Friday
* 83.21 Japanese yen, from 83.14 yen
* 70.78 euro cents, from 70.67 cents
* 60.53 British pence, from 60.36 pence
* 108.05 New Zealand cents, from 107.91 NZ cents
BOND SNAPSHOT AT 0710 AEST:
* CGS 5.25 per cent March 2019, 1.6549pct, from 1.6520pct
* CGS 4.25pct April 2026, 2.5018pct, from 2.4990pct
Sydney Futures Exchange prices:
* March 2017 10-year bond futures contract at 97.385 (implying a yield of 2.615pct), from 97.420 (2.580pct) on Friday
* March 2017 3-year bond futures contract at 98.150 (1.850pct), from 98.180 (1.820pct).
(*Currency closes taken at 1700 AEST previous local session, bond market closes taken at 1630 AEST previous local session)