Markets Live: ASX opens higher, tech stocks lift

CSL is leading the market with a 1.5 per cent advance, BHP Billiton is up 0.7 per cent and Westpac is up 0.4 per cent.

Pilbara Minerals is up 3.3 per cent, Orocobre is up 3 per cent and Resmed is up 2.4 per cent.

Aristocrat Leisure is the only major stock trading lower, wiping just over half a point from the benchmark index.

Webjet has fallen 2.6 per cent, Sandfire Resources is down 2.4 per cent and Infigen Energy is down 1.7 per cent.

AUD +0.3 % to 71.89 US cents (Day range: 71.68 to 72.29)

On Wall St: Dow +0.6% S&P 500 +0.5% Nasdaq +0.8%

FANG: Facebook -0.4%, Amazon flat, Apple +2.4%, Netflix -0.5%, Alphabet +1.1%

In New York, BHP +0.9% Rio +0.3% Atlassian +4.3%

In Europe: Stoxx 50 +0.2% FTSE -0.4% CAC -0.1% DAX +0.2%

Spot gold -0.5% to $US1200.49 an ounce at 2.05pm New York time

Brent crude -2% to $US78.12 a barrel

US oil -2.6% to $US68.56 a barrel

Iron ore +0.6% to $US68.26 a tonne

Dalian iron ore +0.3% to 500 yuan

LME aluminium flat at $US2065 a tonne

LME copper +0.6% to $US6033 a tonne

2-year yield: US 2.75% Australia 2.03%

5-year yield: US 2.87% Australia 2.17%

10-year yield: US 2.97% Australia 2.60% Germany 0.42%

US-Australia 10-year yield gap: 37 basis points

SPI futures are pointing to a 25-point jump at the open for the ASX200, following a day in which the local market gave up the week's recovery to fall 0.76 per cent. The sell-off yesterday made it feel like the recent rally in Australian shares were a bit of a fake-out, as traders apparently banked profits on what proved to be a modest bound for the ASX.

Across the sectoral map, it was only a climb in material stocks that held the broader index together, rallying in line with the recovery in global commodities prices over the last 24 hours. The day ahead looks much more promising in terms of positive price action for the local market; but perhaps worryingly, it appears the ASX200 has lost its resilience, trading much more in line with Asian markets and broader macroeconomic themes.

Read the full 8@eight here.

Despite his millions and an American family, Gorman remains quintessentially Australian. His 40th-floor New York office overlooking Times Square is replete with Vegemite, Aboriginal art and memorabilia from his beloved Collingwood Football Club – we discuss his idol Peter Daicos and buying beers at the club's old Victoria Park home. His nine siblings rib him on his regular visits home. "Where did you park your plane? On the front lawn?" they ask.

Patrick Durkin has the full story here.