Wall Street's rally from US September jobs figures means the Australian market will open higher on Monday, AMP Capital's chief economist Shane Oliver says.

"It's almost like a goldilocks jobs report - not too hot, not too cold," Dr Oliver said of the US payroll figures.

This pushed the Australian dollar up slightly but it still remained fairly low at 67.65 cents, virtually unchanged from a week ago.

On Friday, the benchmark S&P/ASX200 index finished up 24.1 points, or 0.37 per cent, to 6,517.1 points, and the All Ordinaries rose 25.2 points, or 0.38 per cent, to 6,636.9 points.

But the market still ended the week down about three per cent, its worst since mid-November.

"It looks like we'll start trade (on Monday) reversing some of the losses we saw over the last week," Dr Oliver said.

Business confidence figures to be released by the National Australia Bank on Tuesday are set to remain soft.

"It's not bad, it's sort of running around average ... but it's not the sort of levels you want to see if you're going to get decent growth in the economy,' Dr Oliver said.

It's likely to be a similar story when Westpac puts out its consumer confidence survey on Wednesday.

But the latest housing loan approvals on Thursday are expected to show a continued upswing in the market, with a rise of about three per cent, Dr Oliver said.

Globally, there will be hopes for a pause in tit-for-tat tariff increases, with US-China trade negotiations due to resume on Thursday night, local time.

Australian Associated Press