At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 5.40 points or 0.08 percent at 6,982.30, while the broader All Ordinaries index was up 10.20 points or 0.14 percent at 7,241.20.
US sharemarkets were mixed on Tuesday as investors digested inflation data ahead of the release of big US bank earnings results on Wednesday. The Dow Jones index closed down by 0.20 percent, but the S&P 500 index rose by 0.30 percent to a record closing high. And the Nasdaq index added 1.10 percent.
In the financial space, the big banks were mixed with Commonwealth Bank up (0.20 percent), National Australia Bank down (0.64 percent), Westpac Bank was unchanged (0.00 percent) and ANZ down (0.31 percent).
Mining stocks varied with BHP varied (0.20 percent), Rio Tinto down (0.51 percent), Fortescue Metals down (1.62 percent) and goldminer Newcrest surged (2.30 percent).
The country’s oil and gas producers sank with Oil Search down (1.00 percent), Santos down (0.99 percent) and Woodside Petroleum down (0.33 percent).
Australia’s largest supermarkets were mixed with Coles up (0.19 percent), and Woolworths down (0.05 percent).
Meanwhile, telecommunications giant Telstra was down (0.43 percent), the national carrier Qantas was down (0.38 percent) and biomedical firm CSL was up (0.29 percent).
Latest comments