Australian shares rose 0.3 per cent at the open as the market targets its fourth advance in five sessions after being rattled by hotter than expected inflation data last week.
The tecnology sector is the best performer, up 1.1 per cent, after iPhone retailer Apple revealed a record-shattering $US110 billion ($167 billion) buyback to push US equity futures higher.
Wall Street rallied as corporate earnings impressed investors and the market cheered US Federal Reserve chairman Jerome Powell's declaration at its Federal Open Markets Committee Meeting that more interest rate increases are unlikely.
"US equities traded firmer," said ANZ Bank. "And while bond yields eased overnight, following yesterday's FOMC meeting which confirmed the FOMC 's assessment that policy is appropriately positioned to bring inflation down even if rates may need to be on hold for longer than originally thought."
Afterpay owner Block also gained in after-hours markets after it reported sales and user growth ahead of expectations. The business is also behind the Square and Cash App payments innovations.
US treasury yields extended a gradual ease since the Federal Reserve's meeting.
Gold traded sideways, and the Australian dollar added 0.6 per cent to buy US65.7.
Stocks in focus
Shares in investment bank and asset manager Macquarie are down 1.1 per cent early on after it said profits fell 32 per cent in financial 2024.
Local tech darling Pro Medicus hit a record of $112.92, and enterprise software group WiseTech jumped 1.6 per cent to $92.55.
Lithium miners also rose as prices for the battery metal firmed.

Sumber : afr.com