Australian equities are poised to open lower on Tuesday as recession fears intensified during Wall Street's last trading session.
The economic uncertainty amid US President Donald Trump's tariff policies intensified after he did not rule out a recession in an interview.
"I hate to predict things like that," Trump said. "There is a period of transition because what we're doing is very big."
The Nasdaq Composite plunged 4%, the S&P 500 dropped 2.7%, and the Dow Jones Industrial Average lost 2%.
Investors will be looking forward to home value data at 11:30 am Sydney time.
In corporate news, Macquarie Group (ASX:MQG) subsidiary Macquarie Asset Management's helicopter leasing unit, Macquarie Rotorcraft, is being acquired by the joint venture helicopter leasing company of Sumitomo Mitsui Finance and LCI Investment for an undisclosed amount.
Rio Tinto Group (ASX:RIO) held the first roundtable meeting to address findings from the Panguna Mine Legacy Impact Assessment Report in Port Moresby, Papua New Guinea on March 6.
Australia's benchmark index rose 0.2% Monday to close at 7,962.30.
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