The Australian sharemarket is set to advance, with futures pointing to a rise of 29 points, or 0.4 per cent, at the open.
US stocks rose as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.
The yield on the 10-year Treasury climbed to 4.64 per cent from 4.61 per cent late Wednesday, though it remains below its high from earlier this month. The two-year Treasury yield eased to 4.29 per cent from 4.30 per cent late Wednesday.Yields earlier in the day had held relatively steady after a report showed slightly more US workers applied for unemployment benefits last week than economists expected.
Union Pacific chugged 5.2 per cent higher after beating analysts’ expectations for profit in the latest quarter. The railroad said its workforce was more productive during the quarter, and its fuel consumption rate likewise improved.
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