Australian stocks have opened firmer, with the big supermarket chains and energy companies leading the broader market higher.
At 10.26am AEDT, the benchmark S&P/ASX200 index was up 25 points, or 0.5 per cent, at 4991.5 points.
The broader All Ordinaries index was up 24.7 points, or 0.5 per cent, at 5004.6 points.
The local market, which was closed on Good Friday and Easter Monday, looked past a weak finish from Wall Street to begin a shortened post-Easter trading week on a positive note.
Energy stocks were the best-performing sector at the open, having risen 1.55 per cent.
Woodside was up three cents, or 2.04 per cent, at $36.55, while Santos was 11 cents higher at $12.54.
Australia's big two supermarkets also had a bright start - Woolworths was up 67c, or 1.98 per cent, at $34.46, while Coles owner Wesfarmers had risen 58c, or 1.44 per cent, to $40.78.
RBS Morgans private client adviser Bill Bishop said the relative strength of the Australian economy compared with many of its global peers had given investors the confidence to buy shares.
"Australia remains the poster child for the OECD and we are just having a little celebration of that this morning," Mr Bishop said.
Making news today, Billabong shares were placed in a trading halt as talks with two potential suitors dragged on.
Although the retailer had expected discussions to have concluded by the end of last month, they are continuing. The stock last traded at 73c.
The major event for markets today is the Reserve Bank of Australia interest rate decision at 2.30pm AEDT. The central bank was widely tipped to leave the cash rate unchanged at 3 per cent.
The June share price index futures contract was up 10 points at 4,998 points, with 5197 contracts traded.
National turnover was 300.5 million securities worth $497.9 million.
