Australian share futures are tracking higher, pointing to a 0.6% gain for the S&P/ASX 200 index at the open on Thursday.
The positive sentiment follows a rebound in global risk appetite, driven by a strong finish for US technology stocks and anticipation of major corporate earnings releases later in the week.
The market’s upward trajectory is being supported by a broader recovery in investor confidence, which has been buoyed by mixed but impactful results from major US technology firms in recent sessions.
Traders are now looking ahead to a defining week for the artificial intelligence trade, with Microsoft, Amazon, and Meta scheduled to release their quarterly earnings.
These results are expected to provide critical insight into the sustainability of the AI-driven rally that has propelled equity markets to record levels.
In addition to corporate earnings, market participants are closely monitoring the upcoming Federal Reserve policy decision.