The Australian share market has opened slightly lower as weak iron-ore prices and concerns China's softening economy overshadows Wall Street's new highs.
The Australian dollar hit an almost two week high after official data showed business investment intentions for the coming financial year are getting stronger.
Suncorp boss Patrick Snowball is determined to keep the financial services group's problematic life insurance business despite it facing a $500 million writedown.
Italy has led Europe's stock markets in a robustly positive reaction to elections which have put conservatives in a leading position but given anti-EU forces a huge boost in France and Britain.
The Australian share market has pushed back above the 5,500 mark amid a quiet trading session that was buoyed by last week's gains on overseas markets.
US stocks have finished a bumpy week on a high note as technology and small-cap equities shook off the blues from recent weeks and led the overall market higher.
Wall Street stocks have finished higher following mixed US economic data as a closely watched index of small-cap equities outperformed the broader market.
Wall Street stocks have finished with sharp gains following mixed retail sector earnings and Federal Reserve policy meeting minutes that showed little change in policy.