All signs are that Australian share prices will start trading higher on Tuesday with futures foreshadowing an increase of almost 0.5% by the main market index.
This came after equities prices on Wall Street regained earlier losses as United States President Donald Trump temporarily paused tariffs on neighbouring trading partner Mexico.
The Dow Jones Industrial Average finished 0.3% lower and the S&P 500 dropped 0.8% but the largest losses were by companies in the Nasdaq Composite, which dived 1.2%.
Shares in the U.S. and around the world initialled plunged in response to Trump’s 25% tariff on goods imported from Canada and Mexico and 10% impost on Chinese imports.
But the rebound in New York created a positive tone in Australia with the S&P/ASX 200 March share price index (SPI) contract trading 39 points, or 0.46%, at 8,347 at 9.30am AEDT (10.30pm GMT).
This would mark a turnaround from the experience on Monday when the Australian shares indicator closed 1.8% lower at 8,379.4 on fears of a global trade war.
Among the stocks to watch today, Nufarm (ASX:NUF) shares may respond to news it expects to reap the full benefits of $50 million of annualised cost savings in the 2026 financial year (FY26).
On fixed interest markets, Australian Government bond yields increased with 10-year and two-year rates up 0.34% and 0.21% at 4.439% and 3.809% respectively.
