The Australian sharemarket looks set to open three quarters of a per cent higher following rises on Wall Street overnight ahead of a key European Union summit on the region's debt crisis.
At 4.45am, the June share price index futures contract was up 30 points at 4,042.
In economic news, the Australian Bureau of Statistics job vacancies data for May comes out, while the Housing Industry Association releases May's new home sales figures.
In equities news, Metcash is due to post full year results.
Yesterday the market closed slightly higher.
The benchmark S&P/ASX200 index was up 29.9 points, or 0.75 per cent, at 4043.2 points, while the broader All Ordinaries index had lifted 27.7 points, or 0.68 per cent, to 4084.0 points.