In local economic news on Tuesday, the Australian Bureau of Statistics releases the capital city residential property price indexes for the June quarter, while National Australia Bank's monthly business survey for July is due out along with ANZ's weekly consumer confidence index.
The Australian sharemarket looks set to open higher after Wall Street climbed amid optimism over the Ukraine and Iraq conflicts. At 6. 45am (AEST), the September share price index futures contract was up 18 points at 5,412.
Read more here: Business Spectator