The Australian market looks set to open flat after mixed performances on international markets on continued tension between Russia and and Ukraine, and disappointing economic data from China and Japan.
At 0645 AEDT on Tuesday, the March share price index futures contract was up two points points at 5,422.
Beijing reported weak inflation data and a $US23.0 billion ($A25.52 billion) trade deficit in February, while analysts had forecast an $US11.9 billion surplus.
Meanwhile Japan said its economy grew more slowly in the fourth quarter, 0.2 per cent, than the previously reported 0.3 per cent.
Russian gas giant Gazprom's threat to cut off supplies to Ukraine, which is the major transit country for the rest of Europe, also put the chill on stocks.
In local economic news on Tuesday, the Australian Bureau of Statistics (ABS) releases overseas arrival and departure numbers for January, while the National Australia Bank's monthly business survey for February is also due out.
BHP Billiton iron ore president Jimmy Wilson and Rio Tinto iron ore chief executive Andrew Harding are among speakers on the first day of the Global Iron Ore and Steel Forecast conference in Perth.
In Australia, the market on Monday closed lower thanks to steep falls among Australia's biggest miners after weak Chinese trade data led to a drop in commodity prices.
The benchmark S&P/ASX200 index was down 50.8 points, or 0.93 per cent, lower at 5,411.5.
The broader All Ordinaries index was down 46.2 points, or 0.84 per cent, at 5,430.8.