The Australian market is set for a solid start with the ASX futures up 0.5 per cent following solid performances from global share markets last week.
US stocks rallied on Friday despite inflation and Fed concerns, pushing past its average price and erasing losses for the week.
The Dow Jones Industrial Average rose 347.51 points, or 1.4 per cent, to 25,309.99, the S&P 500 gained 43.34 points, or 1.6 per cent, to 2747.30 and the Nasdaq Composite added 127.30 points, or 1.8 per cent, to 7337.39.
The Stoxx Europe 600 Index rose and the Shanghai Composite Index was up 0.6 percent.
The ASX 200 closed up on Friday, firming 48.9 points or 0.8 per cent to 5999.8.
In Australia, the big focus for investors will be on the CAPEX business investment numbers from the Australian Bureau of Statistics on Thursday.
The market will also be keeping an eye on CoreLogic home price data coming out during the week.
The December half reporting season is wrapping up. Companies reporting this week include BlueScope QBE, Adelaide Brighton and Harvey Norman.