The Australian market looks set to open higher following strong gains on Wall Street ahead of a much-watched US labour market report and amid mixed trade and labour data.
At 0645 AEDT on Friday, the March share price index futures contract was up 34 points at 5,116.
The US trade deficit rose a more-than-expected 12 per cent in December, but weekly new claims for unemployment insurance fell to 331,000 from 351,000 the previous week.
The improvement in claims, a sign of the pace of layoffs, came a day ahead of the Labor Department's January job growth and unemployment data.
In local economic news on Friday, the Reserve Bank of Australia issues its Statement on Monetary Policy.
And, the Australian Industry Group/Housing Industry Association releases its performance of construction index (PCI) for January.
In equities news, News Corp, in New York, is expected to post first half results.
In Australia, the market on Thursday bounced back after three straight days of losses, rising by more than one per cent as international investors were encouraged by a rising Australian dollar.
The benchmark S&P/ASX200 index was up 61.1 points, or 1.21 per cent, at 5,131.4.
The broader All Ordinaries index was up 58.7 points, or 1.15 per cent, at 5,147.4.