Australian shares are poised to open higher on Tuesday with stronger iron ore and oil prices set to boost mining and energy stocks.

Local index futures rose 0.2%, a 10-point discount to the underlying S&P/ASX 200 index close.

The benchmark fell 0.3% on Monday to 6,974, a little over 200 points below an all-time high.

New Zealand's benchmark S&P/NZX 50 index was flat in early trade. The country's central bank is set to leave interest rates unchanged on Wednesday.