Australian share futures are pointing to a muted start on Tuesday as oil prices fell and data showed United States manufacturing activity expanded at its fastest pace in more than four years in July.
S&P/ASX 200 futures were flat at 8,970.
Overnight in the U.S., major equity benchmarks finished higher, with the Dow Jones Industrial Average reaching a fresh record high.
The Dow gained 1.3%, the S&P 500 advanced 1.5%, and the Nasdaq Composite climbed 2.1%.
"Every day, everybody wakes up and looks at the price of a barrel of oil and the yield on the 10-year, and if that's going lower, the market's OK, and if it's going higher, the market's not good whatsoever," Art Hogan, chief market strategist at B. Riley Wealth in Boston, was quoted as saying in a Reuters story.
"Typically earnings are a time that give us a chance to forget about disturbing macro influences, but this go around has not been one of those times."
The Australian sharemarket closed higher on Monday, gaining 42.5 points, or 0.5%, to finish at 9,019.3, with nine of the 11 sectors ending in positive territory.
Among local companies reporting results on Tuesday are Credit Corp and Charter Hall Social Infrastructure.
June household spending data and ANZ-Indeed July jobs advertisements are scheduled for release at 11.30 am (AEST). Later, the U.S. will release June trade balance data and job openings figures.
On the bond markets, 10-year and two-year rates were down 0.1% and 0.5% at 4.953% and 4.533%, respectively.
