The Australian sharemarket has advanced at the open after a solid night on Wall Street, with US stocks jumping as Nvidia, Salesforce and others reported fatter profits than expected.

The Australian sharemarket advanced for a second straight day after a flurry of corporate results fuelled broad-based gains, helping it shrug off a mixed finish on Wall Street.

Australian shares are set to open higher; MA Financial limits redemptions on flagship property fund; Nvidia poised to snap losing streak. Follow live.