Australian shares are poised for a higher open, following a positive start to the week on U.S. markets.
ASX futures were up 0.04%, or 4 points, at 8:30 a.m. Tuesday, indicating an optimistic open.
In the U.S., blue-chip stocks led the gains as the Dow Jones Industrial Average climbed above 44,000, with consumer discretionary and financial stocks rallying amid expectations for new policy directions under a potential Trump administration. Bond markets remained closed in observance of Veterans Day. Tesla surged 9.1%, Trump Media & Technology Group gained 4.7%, and bitcoin broke above $84,000. Cigna rose 7.3% after clarifying it was not seeking to acquire Humana, while AbbVie dropped 13% after an experimental schizophrenia drug failed in trials. The DJIA advanced 304 points, or 0.7%, to 44,293; the S&P 500 edged up 0.1% to 6,001; and the Nasdaq added 0.1%, closing at 19,298.
In commodities, Brent crude oil fell 2.6% to US$71.94 per barrel, and gold declined 2.4% to US$2,621.17.