Australian shares are poised to fall on Tuesday, tracking a pullback in US treasuries and global bond markets as investors brace for a wave of key economic data and major government debt auctions.
A sharp rebound in oil prices is also reviving inflation concerns and heightening geopolitical risks, adding further pressure to the local market.
Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.4%, 0.2%, and 0.8%, respectively.
In the macroeconomy, the Reserve Bank of Australia meeting minutes are due at 11:30 am Sydney time.
In corporate news, Fortescue (ASX:FMG) reported Tuesday that its board declared a final dividend of AU$0.60 per share, down from AU$0.89 a year earlier, payable Sept. 26 to shareholders on record as of Sept. 2.
Coles Group (ASX:COL) reported Tuesday fiscal 2025 earnings of AU$0.805 per share on revenue of AU$44.35 billion, compared with earnings of AU$0.835 on revenue of AU$43.57 billion a year earlier.
Australia's benchmark index rose 0.1% or 5 points, to close at 8,972.40 on Monday.