Australian shares are set to open higher on Tuesday, mirroring Wall Street's overnight gains as investors prepare for a key earnings week from major tech companies.
By 7 am AEDT (8 pm GMT) ASX futures were up 35 points, or 0.4% to 8,285.
In the U.S., the Dow Jones rose 0.7%, while the S&P 500 and Nasdaq each added 0.3% ahead of a busy earnings week.
Approximately 169 S&P 500 companies, including most of the "Magnificent Seven" tech giants, are expected to release earnings reports, a group that has significantly contributed to the market's record highs this year.
Among the tech leaders, Alphabet gained 1%, Meta Platforms rose 0.6%, and Apple climbed 1% in anticipation of their reports.
Microsoft, Amazon, and Nvidia are also scheduled to announce earnings in the coming days.
Meanwhile, global oil prices have dropped sharply after Israel’s weekend retaliatory strikes focused on Iranian military targets rather than energy facilities. Brent Crude, the global benchmark, fell 6% to US$71 per barrel.
Among local data releases, investors will be closely monitoring Wednesday's CPI print, with markets expecting an annualised drop to 2.9% following last quarter's reading of 3.8%.
On the bond markets, local 10-year and 2-year yields were at 4.469% and 3.994%, respectively.