The Australian market has risen this morning despite the poor performance of the mining sector.
The S&P/ASX 200 index is up 9.8 points to 5,895.8, a gain of 0.2 per cent.
CSL, Westpac, Commonwealth Bank and NAB are all helping the market higher this morning.
BHP Billiton and Rio Tinto are weighing this morning.
South32 and Alumina have fallen in early trade, driven by that big drop in aluminium prices overnight.
Having a look at the debt markets as the US Treasury 10 year bond yields are close to breaking 3 per cent.
Fixed-income fund managers have been focused on the 3 per cent level to gauge whether the three-decade bull market in bonds is at an end, and to assess how much a glut of supply from the US Treasury will weigh on investors.
Read more here.
SPI futures up 6 points or 0.1% at 5874 at about 8.15am AEST
AUD -0.9% to 76.04 US cents
On Wall St: Dow -0.1%, S&P 500 flat, Nasdaq -0.3%
In New York, BHP -0.9% Rio -1.9%
In Europe: Stoxx 50 +0.5%, FTSE +0.4%, CAC +0.5%, DAX +0.3%
Spot gold -0.8% to $US1325.26 an ounce at 2.55pm New York time
Brent crude +1.2% to $US74.91 a barrel
US oil +0.7% to $US68.88 a barrel
Iron ore +0.9% to $US67.67 a tonne
Dalian iron ore +1% to 476 yuan
LME aluminium -7% to $US2295 a tonne
LME copper -0.7% to $US6943 a tonne
10-year bond yield: US 2.98%, Germany 0.63%, Australia 2.86%
SPONSORED POST:
Tepid enthusiasm from investors saw Wall Street initially open higher before closing in the red, setting the local sharemarket for a flattish start, writes Ilya Spivak and John Kicklighter.
​Australian shares started the week in a chippier mood with gains on Monday and looks poised to open higher, with futures pointing to the index adding 8 points at the open.
Read more of the 8@eight here.
Good morning and welcome to the Markets Live blog for Tuesday.
Your editor today is William McInnes.
This blog is not intended as investment advice.
Fairfax Media with wires.