Australian shares are poised to rise on Tuesday after oil prices eased and global markets steadied, as traders reacted to US President Donald Trump's decision to delay a planned strike on Iran amid renewed diplomatic efforts by Gulf allies to secure a nuclear deal.
Overnight, the S&P 500 and the Nasdaq Composite fell 0.1% and 0.5% respectively, while the Dow Jones Industrial Average gained 0.3%.
In the macroeconomy, the number of Australian capital city homes that went to auction in the week ending May 17 dropped around 11% from the previous week to 1,939 homes, but remained higher than the 1,784 homes a year earlier, Cotality said in a Monday report.
The ANZ-Roy Morgan Australian consumer confidence rose 2.3 points to 66.4 in the week of May 11 to May 17, ANZ reported Tuesday.
Investors are eyeing the Reserve Bank of Australia's May monetary policy board meeting minutes.
In corporate news, Technology One (ASX:TNE) reported Tuesday fiscal first-half earnings of AU$0.2028 per share on revenue of AU$322.7 million, compared with earnings of AU$0.1908 on revenue of AU$291.3 million a year earlier.
European Lithium (ASX:EUR) agreed to be acquired by Nasdaq-listed Critical Metals at an implied value of AU$0.58 per share.
Australia's benchmark index fell 1.5% or 125.5 points to close at 8,505.30 on Monday.