Australian shares are poised to open higher on Friday, tracking gains on Wall Street after United States Federal Reserve Governor Christopher Waller signalled he is in no rush to raise interest rates.
ASX 200 futures were up 25 points, or 0.3%, at 9,037.
Among U.S. benchmark indexes, the Dow Jones Industrial Average rose 1.2%, the S&P 500 gained 1.1%, and the Nasdaq Composite advanced 1.4%.
Global bond yields fell while technology stocks rallied following Waller's comments.
“If there is continued progress toward our 2 per cent goal, then I am willing to support holding the policy rate at its current level,” Waller said at an event hosted by Reuters. “But if inflation comes in hot, I would consider a rate hike.”
According to the CME Group FedWatch Tool, the implied probability of an interest rate increase fell to 50.2% from 63.2% on Wednesday.
The Australian sharemarket closed higher on Thursday, snapping a three-day losing streak as bond markets and oil prices stabilised.
The S&P/ASX 200 added 41.70 points, or 0.46%, to 9,020.1, with eight of the 11 sectors finishing in positive territory.
On the bond markets, Australia's 10-year government bond yield rose 0.3% to 5.157%, while the two-year yield fell 0.5% to 4.785%.
