The sharemarket has climbed 6 per cent in the last five weeks and brokers expect the ASX to keep breaking record highs through the reporting season.

The Australian sharemarket opened higher on Tuesday after US stocks rallied the edge of their all-time high as easing oil prices helped calm investors’ worries about inflation.

US equities reset record highs as tech surged yet higher; a key semi index leapt 6.8pc; oil plunged below $US80 a barrel; SpaceX results pending. Follow live.