By Oliver Gray
Investing.com - The S&P/ASX 200 moved 0.1% lower after the first hour of Tuesday’s trade, following a flat session on Monday and a mixed lead on Wall Street as market participants remain cautious amid a deluge of earnings results and widely expected rate hike from the U.S. Federal Reserve later in the week.
ASX 200 Futures were pointing 0.5% lower.
Among stocks, Energy companies led gains, lifting 1.7% as Woodside Energy Ltd (ASX:WDS) gained 1.2%, Santos Ltd (ASX:STO) added 1.7%, Beach Energy Ltd (ASX:BPT) lifted 2.3% and Beach Energy Ltd (ASX:BPT) gained 2.3%.
Materials lifted 0.9% overall with Rio Tinto Ltd (ASX:RIO) up 0.8%, BHP Billiton Ltd (ASX:BHP) lifting 1.2%, Fortescue Metals Group Ltd (ASX:FMG) gaining 0.9% and Champion Iron Ltd (ASX:CIA) up 2.2%.
Financials were flat overall, with Australia and New Zealand Banking Group Ltd (ASX:ANZ) up 1.7%, National Australia Bank Ltd (ASX:NAB) lifting 0.7% and Westpac Banking Corp (ASX:WBC) adding 1.1%.
Among local data, investors will be looking ahead to Wednesday’s CPI reading, while fresh retail sales data is set for release on Thursday.
On the bond markets, Australia 10-Year rates were 3.359% while United States 10-Year yields were at 2.781%.
In New Zealand, the NZX 50 added 0.1% to 11,186.9.