Investing.com - the S&P/ASX 200 was down by just 0.05% after the first 90 minutes of Monday's trade, following a mixed session on Wall street as market participants digested fresh inflation data as well as several major earnings results from financial giants.
Among stocks, materials led declines with Rio Tinto Ltd (ASX:RIO), BHP Group Ltd (ASX:BHP) and Fortescue Metals Group Ltd (ASX:FMG) recording losses of 0.5%, 1% and 0.4% respectively amid lower iron ore prices.
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On Friday, the New York indices concluded the trading session with a mixed outcome as the US earnings season set in and investors began to evaluate the performance results of some of the largest banks in the US. The S&P 500, one of the most widely followed equity indices, closed Friday with a 0.1% increase, keeping it within 0.3% of its record.
On the bond markets, the yield on the Australia 10-Year note was at 4.087%.
Looking ahead in the week, the spotlight will be on the Westpac-MI consumer sentiment index for September in Australia, followed by a series of labour market data set for release on Wednesday.