THE share market opened in positive territory, with financials supporting the bourse ahead of tomorrow's interest rate decision by the Reserve Bank.
By 10.15am AEDT the benchmark S&P/ASX200 index was up 21.6 points, or 0.47 per cent, at 4659.3 points, while the broader All Ordinaries index added 19.7 points, or 0.42 per cent, to 4670.8.
The local market had a marginally higher lead from Wall Street's trading session on Friday which saw investors considering the impact of revised data on US economic growth and a disappointing report on home sales.
The Dow Jones Industrial Average added 4.23 points, or 0.04 per cent, to 10,324.28 while the broader Standard & Poor's 500 index firmed 1.56 points, or 0.14 per cent, to 1104.49.
The tech-laden Nasdaq composite gained 4.04 points, or 0.18 per cent, to 2238.26.
Australia's major banks advanced, with ANZ up 27 points, or 1.17 per cent to $23.41 and Commonwealth Bank gaining 37 points, or 0.69 per cent to $54.29.
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Westpac added 22 cents, or 0.84 points, to $26.35 and National Australia Bank was up 10 cents, or 0.39 per cent to $25.54.
Major resources stocks were mixed, with mining giant BHP Billiton falling 21 cents, or 0.51 per cent to $40.89 and rival Rio Tinto jumping 85 cents, or 1.21 per cent, to $71.35.
Woodside Petroleum lost four cents to $43.33, Oil Search firmed five cents to $5.27 and Santos gained 21 cents, or 1.62 per cent to $13.17.
Shares driven higher by banks, minersPrice drop means low interest rates
