Australian shares are poised to open higher Tuesday as global markets watch US President Donald Trump mark his first day in office.
The US stock market was closed Monday for the Martin Luther King Jr. Day.
Meanwhile, European shares were mostly higher, with the CAC 40 and DAX Index up 0.4% and 0.3%, respectively. London's FTSE 100 was little changed.
Donald Trump's first day as the 47th president of the US begins, and he is expected to sign a slew of executive orders covering immigration and environmental policy, among others.
In corporate news, BHP Group (ASX:BHP) reported copper production of 510,700 tonnes in the second quarter of fiscal 2025, up 17% year on year, the company said Tuesday.
Yancoal Australia (ASX:YAL) produced 36.9 million tonnes of attributable saleable coal for the 12 months ended Dec. 31, 2024, up 10% from 33.4 million tonnes in the year-earlier period, according to a Monday Australian bourse filing.
Australia's benchmark index was up 0.5%, or 37 points, Monday to close at 8,347.40.
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