Hopes for lower interest rates pushed US stocks to record highs overnight, with falling yields providing a particular boost to technology shares. Economic data added to the dovish outlook, as first-quarter GDP was revised lower on soft consumer spending, while durable goods orders unexpectedly soared in May. The US dollar fell to a three-year low against the euro and sterling, and bond markets rallied as investors ramped up bets on potential rate cuts. Elsewhere, Nike shares rose ahead of its earnings release, while copper climbed to a three-month high on improved global demand. Closer to home, Aussie shares are expected to open on the front foot as real estate stocks trade ex-dividend.

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