Australian shares are poised for another climb after offshore markets rose on positive economic data.

The SPI200 futures contract was up 59 points, or 0.85 per cent, at 6,967 at 0700 AEDT on Thursday.

Markets are on the rise again based on positive economic data from the US and, to an extent, for Europe, while hoping the coronavirus won’t deliver any worse news, NAB’s morning call says.

The Australian benchmark S&P/ASX200 index closed Wednesday up 27.4 points, or 0.39 per cent, at 6,976.1, while the broader All Ordinaries index lifted 33.3 points, or 0.47 per cent, to 7,080.9.

The Australian dollar was buying 67.45 US cents at 0700 on Thursday, up from 67.36 US cents on Wednesday.