Australian equities are poised to find a reprieve at market open on Tuesday after the US hit the brake on its recently announced tariffs against Canada and Mexico.
In domestic news, Australia's national home values were flat in January, with the CoreLogic Home Value Index little changed.
The monthly household spending indicator for December 2024 is due for release at 11:30 am Sydney time.
Wall Street pared their losses overnight, with the Nasdaq Composite down 1.2%, the S&P 500 falling 0.8%, and the Dow Jones Industrial Average shedding 0.3%.
US President Donald Trump said the 25% tariffs on Mexico and Canada will be delayed for a month after leaders from those countries agreed to tighten border controls, temporarily staving off a broader trade war.
In corporate news, SEEK (ASX:SEK) agreed to terminate its scheme implementation deed with Xref (ASX:XF1) after failing to meet the required shareholders' approval.
Bathurst Resources (ASX:BRL) filed a statement of defense and counterclaim in response to the proceedings initiated by Talley's Group Limited in December 2024.
Australia's benchmark index lost 1.8%, or 152.90 points, Monday to close at 8,379.40.
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