Australian shares are set to edge higher at Tuesday's open, with investors monitoring a fresh batch of local earnings results following weakness in United States semiconductor stocks overnight.
S&P/ASX 200 futures were up 13 points, or 0.1%, at 9,055.
In the United States, benchmark averages finished mixed as investors assessed fresh US economic pressure on Iran and prepared for a busy week featuring Nvidia's earnings and key inflation data.
The Dow Jones Industrial Average rose 0.3%, while the S&P 500 fell 0.3% and the Nasdaq Composite declined 0.8%.
Nvidia, which is scheduled to release its latest quarterly results on Wednesday (Thursday AEST), fell 2.9%.
"Nvidia needs to impress in order to keep one leg of the stock market stable, and Warsh needs to provide clarity on interest rates in order to keep the other leg stable," Richard Reyle, chief investment officer at Questar Capital Partners, was quoted as saying in a Reuters story.
The Australian sharemarket started the week higher, led by a rally in mining stocks that pushed BHP to a record closing high.
The S&P/ASX 200 Index gained 44.2 points, or 0.5%, to 9,103.1, even as six of the 11 sectors finished lower.
Companies reporting on Tuesday include Abacus, AUB, Coles, Fisher & Paykel Healthcare, G8 Education, Monadelphous, Tyro Payments, Viva Energy, Woodside Energy and Scentre.
On the bond markets, the 10-year Treasury yield ticked up 0.1% to 4.996%, while two-year rates fell 0.4% to 4.576%.
