At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 14.80 points or 0.21 percent at 6,988.80, while the broader All Ordinaries index was up 14.40 points or 0.20 percent at 7,239.60.
US sharemarkets eased from record highs on Monday ahead of the release of first-quarter earnings and widely-anticipated inflation data. The Dow Jones index closed down by 0.20 percent, the S&P 500 index fell less than 0.10 percent and the Nasdaq index lost 0.40 percent.
In the financial space, the big banks were mixed with Commonwealth Bank up (0.84 percent), National Australia Bank up (0.15 percent), Westpac Bank down (0.16 percent) and ANZ up (0.17 percent).
Mining stocks varied with BHP down (0.41 percent), Rio Tinto down (0.43 percent), Fortescue Metals up (0.20 percent) and goldminer Newcrest up (0.46 percent).
The country’s oil and gas producers sank with Oil Search down (0.62 percent), Santos down (0.28 percent) and Woodside Petroleum down (0.25 percent).
Australia’s largest supermarkets rose with Coles up (0.25 percent), and Woolworths up (0.20 percent).
Meanwhile telecommunications giant Telstra was down (0.43 percent), the national carrier Qantas was down (0.19 percent) and biomedical firm CSL was up (0.36 percent).
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