The Australian stock market lifted almost 0.5% at the open, following gains on Wall Street, where stocks rose on optimism that a military strike on Syria might be avoided.
At the 1015 AEST official market open, the benchmark S&P/ASX200 index was 0.46 per cent higher at 5,205.2, while The broader All Ordinaries index lifted 0.45% to 5,202.5.
In economic news, the National Australia Bank's monthly business survey for August is due to be released.
In equities news, CUA is expected to post full year results.
In Australia, the market on Monday finished half a per cent higher, buoyed by a decisive election result and positive news from China and Japan.
The benchmark S&P/ASX200 index was 36.5 points, or 0.71%, higher at 5,181.5.
The broader All Ordinaries index was up 35.4 points, or 0.69%, at 5,179.4.