June 27 - Australian shares are expected to open marginally higher on Tuesday, tracking meagre gains on Wall Street and helped by basic materials and energy stocks.
Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, while bets on tighter supplies from government-enforced cutbacks led to a rise in China's steel prices. O/R IRONORE/ .N
The local share price index futures YAPcm1 rose 0.04 percent or 2 points to 5,668, a 52.2-point discount to the underlying S&P/ASX 200 index .AXJO close.
The benchmark rose 0.1 percent in the previous session.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.03 percent, or 2.55 points, to 7,598.05 at 2212 GMT.
($1 = 1.3193 Australian dollars)