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Wall Street started the week in the red, but the ASX is poised to inch higher at the open, after yesterday's heavy losses, writes Kyle Rodda.

Global stocks fell on Monday. The losses were very broad based, as equity traders caught up on the information that had already, effectively, been baked into rates markets. The ASX200 was one of the worst performing major share indices: it shed 1.17 per cent, with market breadth a lowly 17.5 per cent.

Wall Street has performed stronger overnight, with the S&P500 giving up half-a-per cent. That's lead SPI Futures to climb roughly 10 points, suggesting a bounce for the ASX today. The AUD, as a pro-risk currency, is down at the expense of a stronger USD. The stronger greenback has also hastened gold's pullback.

Read the full 8@eight here.

Here are the overnight market highlights:

ASX futures up 1 point to 6616
AUD -0.1% to 69.73 US cents
On Wall St: Dow -0.4% S&P 500 -0.5% Nasdaq -0.8%
In New York, BHP +1% Rio +0.7% Atlassian +2.1%
In Europe: Stoxx 50 -0.1% FTSE -0.1% CAC -0.1% DAX -0.2%
Spot gold -0.2% to $US1396.72 an ounce at 1.55pm New York time
Brent crude +0.6% to $US64.59 a barrel
US oil +0.7% to $US57.91 a barrel
Iron ore +3.1% to $US118.38 a tonne
Dalian iron ore +5.8% to 895 yuan
LME aluminium +0.3% to $US1809 a tonne
LME copper -0.2% to $US5892 a tonne
2-year yield: US 1.89% Australia 0.97%
5-year yield: US 1.86% Australia 1.01%
10-year yield: US 2.05% Australia 1.33% Germany -0.37% Greece 2.04%
10-year US/Australia yield gap near 8.45am AEST: 72 basis points