The Australian share market is tipped for another rise after positive sessions on global markets as fears about the economic impact of the coronavirus eased.

SPI200 futures contract was up 37 points, or 0.53 per cent, at 7056 at 0700 AEDT on Thursday

Sentiment remained upbeat on Wall Street overnight amid optimism the coronavirus pandemic will be contained and the economic effects temporary, Westpac’s financial markets finance AM note says.

Locally the profit reporting season continues on Thursday with Newcrest, Woodside, AMP and Telstra among those set to release their results.

Australia’s S&P/ASX200 benchmark index finished Wednesday up 32.9 points, or 0.47 per cent, to 7,088.2, while the broader All Ordinaries index climbed 33.9 points, or 0.47 per cent, to 7,185.3.

The Aussie dollar was buying 67.36 US cents at 0700 AEDT, from 67.29 US cents at Wednesday’s close.