Australian shares are poised for a higher open Tuesday as investors track Wall Street's rally fueled by the US and China's 90-day trade truce.
In macroeconomy, the Westpac consumer confidence is due 10:30 am and the National Australia Bank business confidence and the final building approvals report for March at 11:30 am Sydney time.
Overnight, the Nasdaq Composite surged 4.4%, the S&P 500 climbed 3.3%, and the Dow Jones Industrial Average jumped 2.8%.
Equity markets cheered the trade agreement between the US and China in a major de-escalation of the global tariff war. Under the deal, the US will lower the tariffs on Chinese imports to 30% from 145%; China's tariffs on US goods will be reduced to 10% from 125%.
The reduced tariffs will remain in place for 90 days as both parties engage further in talks.
In corporate news, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) will soon enable all customers to access core banking services at Australia Post branches, newly appointed Chief Executive Nuno Matos said in a Monday statement.
Elsewhere, Rio Tinto Group (ASX:RIO) and Japan's Sumitomo Metal Mining have signed final joint venture agreements to develop the Winu copper-gold project in Western Australia, with Sumitomo acquiring a 30% stake for up to AU$430.4 million, according to a Monday statement by the company.
Australia's benchmark index was little changed at 8,233.50 on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.