Australian shares are poised to rise on Tuesday as global markets stabilize following last week’s sharp sell-off in gold and silver.
Falling oil prices on easing US-Iran tensions and a stronger US dollar are also supporting investor sentiment.
Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.5%, 0.6%, and 1.1%, respectively.
In the macroeconomy, investors are eyeing the release of the Reserve Bank of Australia’s interest rate decision.
In corporate news, Credit Corp Group (ASX:CCP) reported Tuesday fiscal first-half earnings of AU$0.641 per share, unchanged from a year earlier, on revenue of AU$283.6 million, up from AU$271.5 million a year earlier.
Xero (ASX:XRO) reaffirmed that it expects total operating expenses to be about 71% of revenue for fiscal 2026.
Australia’s benchmark index fell 1% or 90.5 points to close at 8,778.60 on Monday.
