Australian equities are poised to open higher on Monday, tracking Wall Street gains after the US market recovered from an afternoon dip caused by a heated argument between Ukraine President Volodymyr Zelenskyy and US President Donald Trump.
"Either make a deal or we are out," said Trump as the world leaders argued about the ongoing Russia's invasion of Ukraine.
In the ongoing global tariff dispute, Trump last week said 25% tariffs on Canada and Mexico would go forward on March 4, and investors will be keeping an eye on the retaliatory actions of these trade partners this week.
The Nasdaq Composite rose 1.6%, the S&P 500 closed 1.6% higher, and the Dow Jones Industrial Average ended up 1.4%.
Investors will be looking forward to international trade data and international investment data at 8:45 am Sydney time and 1 pm Sydney time, respectively.
In corporate news, Synlait Milk (ASX:SM1, NZE:SML) appointed Richard Wyeth as chief executive.
NRW Holdings (ASX:NWH) reported Friday that its earnings per diluted share in the fiscal first half rose to AU$0.112 from AU$0.09 per diluted share a year earlier.
Australia's benchmark index fell 1.2% Friday to close at 8,172.40.
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