The Australian share market is expected to resume trading in positive territory, adding to Friday's gains after a thawing in the trade war between the United States and China.
Share futures are pointing to the market opening half a percentage point higher on Monday, after the benchmark S&P/ASX200 index finished 0.91 per cent ahead on Friday for a weekly gain of 1.4 per cent.
News of a partial US-China trade deal then boosted stocks in Europe and the US, with the Dow Jones Industrial Average up 1.21 per cent at close on Friday.
"Barring any negative fresh tweets or news from the US or Middle East, at this stage we are looking ahead to a positive start on the market," CommSec chief economist Craig James told AAP.
He said market concerns over heightened Middle East tensions had lifted oil prices.
Despite those tensions following a missile strike on an Iranian tanker, Mr James said the only negative for the Australian market was a fall in gold prices as investors moved away from "defensive assets".
He said the most important local economic indicator this week would be employment figures released on Thursday.
These are expected to show employment up by 20,000 and the unemployment rate steady at 5.3 per cent during September.
Mr James believes that would not be enough for the Reserve Bank, which releases its board minutes on Tuesday, to trigger another interest rate cut. He expects the bank to keep the official cash rate at its historic low of 0.75 per cent until February.
Following last week's progress in US-China trade talks, market focus would remain on China this week - with trade figures due out on Monday, inflation figures on Tuesday and economic growth statistics on Friday.