Australian shares are expected to open modestly higher on Thursday, buoyed by a rebound in global risk sentiment and a strong finish for US technology stocks.
The S&P 500 rallied approximately 1% in the session, helping to lift the broader market mood ahead of the Sydney open.
4% to 8,823.2 during the previous session, with the rally anchored by strength in the financial and technology sectors.
The positive momentum from Wall Street is likely to support the S&P/ASX 200, which extended early gains on Wednesday.
The benchmark index rose as much as 0.4% to 8,823.2 during the previous session, with the rally anchored by strength in the financial and technology sectors.
Investors are now looking for continuity in that upward trend as global equities stabilize.
Corporate developments in the US also contributed to the improved sentiment.