The Australian market looks set to open higher after Wall Street gained strongly in part on the back of better-than-expected earnings at JPMorgan Chase and Wells Fargo.
At 0645 AEDT on Wednesday, the March share price index futures contract was up 26 points at 5,200.
Locally, in economic news on Wednesday, the Australian Bureau of Statistics is due to release lending finance data for November and new motor vehicle sales figures for December.
The Westpac/Melbourne Institute Survey of Consumer Sentiment is also due out.
No major equities news is expected.
In Australia, the market on Tuesday closed 1.5 per cent lower after a top US central bank official raised the prospect of ongoing reductions in the US's economic stimulus program.
The benchmark S&P/ASX200 index fell 80.1 points, or 1.51 per cent, at 5,212.0 points.
The broader All Ordinaries index was down 77 points, or 1.45 per cent, at 5,219.8 points.