Australian shares are expected to slip Friday after a court granted US President Donald Trump a temporary reprieve from a ruling that blocked most global tariffs.
A federal appeals court blocked Thursday's ruling declaring Trump's tariffs illegal and ordering them stopped within 10 days.
White House officials said they intend to defend the efforts on tariffs at the Supreme Court and, if blocked, Trump will seek other ways to impose them.
Overnight, the S&P 500 and the Nasdaq Composite rose 0.4%, while the Dow Jones Industrial Average rose 0.3%.
In macroeconomy, the country's building approvals and retail trade data are due at 11:30 am Sydney time.
In corporate news, Viva Energy's (ASX:VEA) gas terminal project in Corio received approval from the government of Victoria, allowing the company to move the project to a commercial decision, pending further regulatory approvals.
Paladin Energy (ASX:PDN) was notified of a potential second class action in the Supreme Court of Victoria, involving similar allegations to an existing class action.
Australia's benchmark index was little changed on Thursday to close at 8,409.80.
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