Local shares are poised to open higher, bolstered by solid gains on Wall Street as retail sales pointed to continuing economic forward momentum.

The business credentials of Turnbull are often lauded, but his wife of 35 years, Lucy, has had a formidable career of her own.

• Malcolm Turnbull good for economic confidence

National Australia Bank remains intent on floating Clydesdale Bank despite the market volatility that has hammered bank share prices.

Australia's longest-serving chief executive of a major bank, ANZ's Mike Smith, expects to hang up his boots as head of the Asia-focused lender within a year.

The economy needs to come first under Prime Minister Malcolm Turnbull, investors say.

The nation's top bean counters are optimistic that Malcolm Turnbull will move on the GST.