Australia

Australian shares are set to open higher, after US stocks rose as the volatility seen earlier this month faded.

ASX futures were up 0.45% or 36 points as of 8:00am on Tuesday, suggesting a higher open.

US stocks kept riding their hot streak Monday, with both the S&P 500 and the Nasdaq Composite logging their eighth straight day of gains.

Fueled by a broad rally across all of its sectors, the S&P 500 rose 1%. The tech-heavy Nasdaq advanced 1.4%, while the Dow Jones Industrial Average climbed 0.6% to notch its fifth straight day of gains.

The S&P 500 climbed 1.6% Thursday, rising for a sixth consecutive session. The tech-heavy Nasdaq Composite added 2.3%, while the Dow Jones Industrial Average rose 1.4%, or about 550 points.

In commodity markets, Brent crude oil was down 2.4% to US$77.80 a barrel, while gold was flat at US$2,503.72.

The Australian dollar was at 67.31 US cents, up from its previous close of 66.70.

Asia

Chinese shares closed mixed. The benchmark Shanghai Composite Index rising 0.5% to 2,893.67, and the Shenzhen Composite Index dropped 0.1% to 1,547.45.

Hong Kong shares ended higher. The benchmark Hang Seng Index rising 0.8% to 17,569.57.

Japanese shares closed lower. The Nikkei Stock Average fell 1.8% to 37,388.62.

India shares ended flat. The BSE SENSEX finished at 80,424.68.

Europe

Stocks in the U.K. rose. The FTSE 100 Index added 0.5% to 8,356.94.

In Europe, shares closed higher, with Germany's DAX up 0.5% to 18,421.69, and France's CAC 40 rising 0.7% to 7,502.01.

North America

U.S. stocks ended higher. The DJIA added 0.6%, to 40,896.53, the S&P 500 rose 1.0% to 5,608.25, and the Nasdaq gained 1.4% to 17,876.77.

Among S&P 500 companies, the top three gainers were EQT Corp, surging 4.9%, Advanced Micro Devices Inc jumped 4.5%, and Darden Restaurants Inc lifted 4.4%.

The biggest decliners were HP Inc which dropped 3.7%, Starbucks Corp fell 2.7%, and Domino's Pizza Inc lost 2.3%.