Here are the overnight market highlights:

ASX futures up 21 points or 0.3% to 6608
AUD -0.8% to 69.63 US cents (Overnight now 69.56)
On Wall St: Dow +0.4% S&P 500 +0.8% Nasdaq +1%
In New York: BHP +0.6% Rio +0.7% Atlassian +0.7%
In Europe: Stoxx 50 +0.7% FTSE +1% CAC +0.5% DAX +1%
Spot gold -1.7% to $US1386.15 an ounce near 1.45pm New York time
Brent crude +0.2% to 64.88 a barrel
US oil +0.5% to $US58.78 a barrel
Iron ore +4.4% to $US123.65 a tonne
Dalian iron ore +3.9% to 889 yuan
LME aluminium -0.3% to $US1794 a tonne
LME copper -0.6% to $US5955 a tonne
2-year yield: US 1.79% Australia 0.97%
5-year yield: US 1.79% Australia 1.03%
10-year yield: US 2.02% Australia 1.35% Germany -0.36%
10-year US/Australia yield gap near 7.45am AEST: 67 basis points

Afterpay Touch is in the midst of a big executive reshuffle as the company expands its global footprint.

The company is in the process of transitioning to a majority independent board, searching globally for at least two additional independent directions.

Elana Rubin will become the company's Interim Chair until a new independent chair can be found. She is currently an independent non-executive director.

Group head David Hancock will step down from the board at the conclusion of the 2019 fiscal year-end matters. He will also help facilitate the transition of his role for a period of up to 12 months.

Co-founder Anthony Eisen will become the CEO & managing director of the company and fellow co-founder Nick Molnar will become the global chief revenue officer, reporting to Mr Eisen. Both will continue to serve on the board as independent directors.

The big four banks have attacked the corporate regulator's responsible lending proposals as impractical, anti-competitive and potentially damaging to the economy in a series of defensive submissions.

The submissions, published on Monday, set the scene for more fireworks between the banks and the regulator at public hearings over the issue later this year with ASIC Commissioner Sean Hughes saying it was time for banks to feel the heat.

Banks are resisting a move from the Australian Securities and Investments Commission to force them into undertaking deeper analysis of borrower expenses instead of approving loans using a controversial benchmark.

James Frost has the full story here.

Good morning and welcome to Markets Live for Tuesday.

Your editor today is William McInnes.

Investors will be bracing for the RBA meeting in Darwin today, with their rate decision due at 2:30pm.

This blog is not intended as investment advice.