Jan 24 (Reuters) - Australian shares are expected to rise on Tuesday, with commodity-related stocks likely to gain on a weaker U.S. dollar, despite negative leads from global markets.
The dollar fell on Monday as investors spooked by Donald Trump's protectionist position shifted away from riskier assets, resulting in lower bond yields and higher gold and copper prices. FRX/ GOL/ MET/L
Concerns about the early days of Trump's presidency, particularly a lack of clarity on his fiscal plans such as tax cuts, infrastructure spending and deregulation, have pushed investors to reassess what the new administration means for global trade. MKTS/GLOB
Overnight, MSCI's world index .MIWD00000PUS , which tracks shares in 46 countries, was little changed. On Wall Street, the S&P 500 .SPX was on track for its worst session of the year. MKTS/GLOB
The local share price index futures YAPcm1 rose 0.3 percent, a 26.972-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark declined 0.8 percent in the previous session.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.17 percent, or 12.15 points, to 7,055.7 in early trade.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB