Australian shares are likely to open higher on Tuesday, building on Wall Street's rally overnight, as investors signal a hopeful tone on tariff developments.
Overnight, the Nasdaq Composite rallied 2.3%, while the S&P 500 and the Dow Jones Industrial Average climbed 1.8% and 1.4%, respectively.
The Trump administration is likely to exclude certain industry-specific tariffs from the planned "Liberation Day" announcement on April 2, but will continue to apply reciprocal levies on select nations, the Wall Street Journal reported Sunday.
In domestic economic news, the ANZ-Roy Morgan consumer confidence rose 0.4 points to 84.2 points in the week of March 17 to 23.
Reserve Bank of Australia Assistant Governor Brad Jones is set to deliver a speech.
In corporate news, Santos (ASX:STO) is in a rush to secure short-term gas supply deals as its 10-year contract with Australia Pacific LNG, partially owned by Origin Energy (ASX:ORG), expires at the end of May, according to a Monday report by The Australian, citing unnamed sources.
Meridian Energy (ASX:MEZ, NZE:MEL) will start construction on its 130-megawatt Ruakaka solar farm in August after securing board approval for the NZ$227 million project, according to a Tuesday filing with the Australian and New Zealand bourses.
Australia's benchmark index was little changed at 7,936.90 on Monday.
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