The Australian share market is expected to open more than half a per cent higher.
At 0700 AEST on Monday, the Australian share price futures index was up 34 points, or 0.57 per cent, at 6,029 points.
In the US, stocks closed higher after the latest monthly jobs report pointed to strength in the US economy and geopolitical tensions eased.
Technology stocks led the rally, with gains in heavyweight companies such as Apple, Microsoft and Alphabet lifting the S&P 500 tech index to a record high.
Government data showed that in May the US economy added 223,000 non-farm jobs and average hourly wages increased 0.3 per cent, both topping economist estimates.
The unemployment rate fell to an 18-year low of 3.8 per cent. Data on construction spending and industrial production also pointed to accelerating economic growth.
The Australian share market on Friday closed lower with most sectors losing ground, led by banking, telco and energy stocks.
The benchmark S&P/ASX200 fell 21.5 points, or 0.36 per cent, at 5,990.4 points while the broader All Ordinaries index was down 19.5 points, or 0.32 per cent, at 6,104.0 points.
In economics news on Monday, CoreLogic’s weekly capital city house prices report is due out, and the Australian Bureau of Statistics releases retail trade figures for April, as well as business indicators data for the March quarter
No major equities news is expected.
On Monday morning the Australian dollar is up against its US counterpart.
At 0700 AEST, the local currency was worth 75.67 US cents, from 75.48 US cents on Friday.
CURRENCY SNAPSHOT AT 0700 AEST:
One Australian dollar buys:
* 75.67 US cents, from 75.48 on Friday
* 82.83 Japanese yen, from 82.39 yen
* 64.88 euro cents, from 64.60 euro cents
* 56.70 British pence, from 56.85 pence
* 108.32 NZ cents, from 107.87 cents
The spot price of gold in Sydney at 0700 AEST was $US1,293.78 per fine ounce, from $US1,299.20 per fine ounce on Friday.
BOND SNAPSHOT AT 0700 AEST:
* CGS 5.75 per cent May 2021, 2.1199pct, unchanged from Friday
* CGS 2.25pct May 2028, 2.7014pct, unchanged
Sydney Futures Exchange prices:
* June 2018 10-year bond futures contract was 97.270 (implying a yield of 2.730pct), from 97.295 (implying a yield of 2.705) on Friday
* June 2018 3-year bond futures contract was 97.835 (2.165pct), from 97.845 (2.155pct)
(*Bond market closes taken at 1630 AEST previous local session; currency closes taken from 1700 AEST previous local session)