The Australian market looks set to open higher following gains on international markets after new Federal Reserve chief Janet Yellen's promise that monetary policy would continue and strong Chinese trade data.
At 0645 AEDT on Thursday, the March share price index futures contract was up 10 points at 5,273.
Chinese government data showed exports in January jumped more than expected, increasing 10.6 per cent to $US207.13 billion ($A229.81 billion), while imports were up 10.0 per cent at $US175.27 billion.
Dr Yellen told Congress she expects to continue predecessor Ben Bernanke's plan to wind down the Fed's bond-buying gradually and keep interest rates low until the jobs market improves significantly.
In local economic news on Thursday, the Australian Bureau of Statistics releases labour force data for January.
Reserve Bank Assistant Governor (Financial Markets) Guy Debelle will be a panel discussant at the CIFR Financial Market Developments Symposium.
In equities news, Rio Tinto and GPT Group are expected to post full year results, while Telstra, Transurban, ASX, Webjet, Paladin Energy, Tassal and Goodman Group are slated to release first half results.
David Jones is due to announce second quarter sales results and SingTel its third quarter results.
Meanwhile, Ruralco Holdings has its annual general meeting scheduled.
In Australia, the market on Wednesday finished higher for the fifth consecutive trading session as the resources sector led the gains.
The benchmark S&P/ASX200 index was 55.6 points, or 1.06 per cent, higher at 5,310.1.
The broader All Ordinaries index was up 52.5 points, or 1.00 per cent, at 5,319.8.