Commodities, US lead may boost ASX at open

Australian shares look set to rise at the open, backed by robust commodity prices as well as a technology-led rally on Wall Street, with investors looking past recent trade war concerns to earnings optimism in the United States.

Strength in global oil, iron ore and base metals prices could help resource stocks lead a climb on the Australian benchmark on Friday.

The Australian local share price index futures rose 0.4 per cent, or 24 points, to 6,241, a 27.3-point discount to the underlying S&P/ASX 200 index close.

The benchmark rose 0.9 per cent on Thursday.

The Australian dollar was buying 74.05 US cents at 0820 AEST, from 73.87 on Thursday.