Australian shares are expected to open higher on Wednesday as investors consider the significance of the latest Budget from the Labor Government before Australians go to the polls.
At 9:45 am AEDT (10:45 pm GMT Tuesday) the S&P/ASX 200 June share price index contract was up 47 points (0.58%) from the previous settlement at 7,986, supported by a stronger end on Wall Street.
This gives the index a shot at bursting back up through the 8,000 people barrier for the first time in two weeks.
The main United States benchmark indices finished just in positive territory on Tuesday (Wednesday AEDT) with the Dow Jones Industrial Average adding 0.01%, the S&P 500 putting on 0.2% and the Nasdaq Composite jumping 0.5%.
CommSec said investors assessed U.S. consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week.
The Australian market had closed 0.1% higher on Tuesday at 7,942,5 points.
On the fixed interest markets, the 10-year Australian Treasury bond yield rose 0.41% to 4.461% and the two-year yield added 0.51% to 3.777%.
