Australia’s share market is set to follow global markets higher as coronavirus fears abate.

The SPI200 futures contract was up 15 points, or 0.21 per cent, at 7,103 at 0800 AEDT on Thursday.

The Australian share market hit a record closing high on Wednesday then US, European and Asian markets closed on positive notes after stimulus plans from China.

Companies to watch on Thursday include Qantas, Sydney Airports, Boral, Austal, Beacon Lighting, Bingo, Coca-Cola Amatil, Domain, Iluka, Integral Diagnostics, Lendlease, Medibank, Origin, Perpetual, Santos, The Star Group and Whitehaven Coal.

There will also be January’s labour force report for investors to think about.

The Australian dollar was buying 66.77 US cent at 0800 AEDT, down from 66.92 US cents s the market closed on Wednesday.