The Australian share market is expected to open higher as US stocks rose for a third day - their first three-day gains in about a month.
At 0700 AEST on Friday, the Australian share price futures index was up 18 points, or 0.31 per cent, at 5,788.
The major Wall Street stocks indexes finished around one per cent higher thanks to easing fears about an escalating trade conflict between the United States and China, and optimism about the upcoming company earnings season.
Australian shares on Thursday ended higher, led by gains by the big four banks.
The benchmark S&P/ASX200 closed up 27.4 points, or 0.48 per cent, at 5,788.8 points, while the broader All Ordinaries index ended up 24.3 points, or 0.41 per cent, at 5,888 points.
The Australian dollar on Friday morning is lower against a strengthening US dollar, ahead of what is expected to be some strong US jobs figures to be released on Friday night (AEST).
At 0700 AEST, the local currency was worth 76.85 US cents, down from 76.93 US cents on Thursday.
CURRENCY SNAPSHOT AT 0700 AEST:
One Australian dollar buys:
* 76.85 US cents, from 76.93 on Thursday
* 82.54 Japanese yen, from 82.04 yen
* 62.79 euro cents, from 62.71 euro cents
* 54.88 British pence, from 54.68 pence
* 105.60 NZ cents, from 105.59 cents
The spot price of gold in Sydney at 0700 AEST was $US1,326.35 per fine ounce, from $US1,325.92 per fine ounce on Thursday.
BOND SNAPSHOT AT 0700 AEST:
* CGS 4.50 per cent April 2020, 2.0427pct, unchanged from Thursday
* CGS 4.75pct April 2027, 2.6383pct, unchanged
Sydney Futures Exchange prices:
* June 2018 10-year bond futures contract was 97.300 (implying a yield of 2.700pct), from 97.320 (2.680pct) on Thursday
* June 2018 3-year bond futures contract was 97.810 (2.190pct), from 97.820 (2.180pct).
(*Bond market closes taken at 1630 AEST previous local session; currency closes taken from 1700 AEST previous local session)