Australia shares set to lift at open, NZ rises

Australian shares are set to open slightly higher on Tuesday, tracking gains on Wall Street, but sentiments will likely remain subdued on dismal economic data from China and weaker commodity prices, with eyes on the Reserve Bank of Australia's policy meeting minutes.

The local share price index futures (YAPcm1) rose 0.3%, a 68.3-point discount to the underlying S&P/ASX 200 index XJO close. The benchmark finished 0.5% higher on Monday.

New Zealand's benchmark S&P/NZX 50 index NZ50G rose 0.2% to 11810.5 points in early trading.