US stocks advanced overnight, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
The Australian share market has risen for a fifth-straight session and closed the month higher, as hopes of an interest rate cut narrowed on favourable inflation data.
Wall Street has advanced, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the US-China trade dispute.
Australian shares have recovered to their highest levels since US Liberation Day tariffs sparked a sell-off that wiped trillions of dollars from global markets.
US stocks rebounded overnight as a spate of quarterly earnings reports and hints at the de-escalation of US-China trade tensions brought buyers in from the sidelines.