The S&P/ASX 200 Index rose 0.7% to 8,470 on Tuesday, reaching its highest level in over three months, tracking a rebound on Wall Street. The recovery came despite weaker-than-expected manufacturing data and escalating trade tensions between the US and China. In the latest development, investors are closely watching for a potential call this week between President Donald Trump and President Xi Jinping, which could prove pivotal in providing clarity on trade relations. In Australia, attention is turning to upcoming key economic data, particularly Q1 GDP figures and PMI data, alongside Reserve Bank of Australia's meeting minutes, which could offer insight into the economic outlook and future policy direction. Among individual stocks, notable gainers included Newmont Corporation (4.3%), Woodside Energy Group (2.6%), Fortescue Ltd (1.9%), and Sigma Healthcare Limited (1.3%).