The Australian share market is likely to gain a further lift from the strength of US shares at the start of the week although European markets were undercut by the terrorist attack in Nice on Friday.
Local shares finished last week at an 11-month high in anticipation of central banks offering further stimulus to lift economic growth and following better-than-expected Chinese economic growth figures, running at an annual rate of 6.7 per cent.
The US Dow Jones industrial index ended on Friday at a record high and its major indexes closed a third consecutive week of gains.
The domestic focus will be on Tuesday's release of the minutes of the Reserve Bank July 5 board meeting, with no major economic figures released during the week.
Stephen Koukoulas, managing director of Market Economics, says the minutes will provide the central bank scope to broaden its thoughts on Britain's decision to leave the European Union, having made only a fleeting comment about the decision in its July 2 board meeting statement.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
"I suspect in the minutes they will put a bit more in there ... it's an opportunity to discuss some of these global issues," Mr Koukoulas told AAP on Sunday.
However, he said the markets appear to have got over the initial knee-jerk reaction to Brexit, with even London's FTSE index now close to it pre-UK referendum level.
"But obviously the pound is still very weak," he said.
The minutes will also be scrutinised for any clues to a further interest rate cut in Australia after the reduction in the cash rate to a record low 1.75 per cent in May.
Economists expect there could be a cut to 1.5 per cent, should official inflation figures on July 27 show continued extremely benign price pressures - a sign of a soft economy.
Tuesday will also see the weekly ANZ-Roy Morgan consumer confidence gauge which will take into account the confirmation of the Turnbull government being returned to power after the July 2 election, but also last week's rise in the jobless rate to 5.8 per cent from 5.7 per cent.
Confidence has fallen nearly three per cent in the past three weeks.
