By Oliver Gray
Investing.com - The S&P/ASX 200 ticked just 0.1% higher after the first 90 minutes of Thursday’s trade, with risk sensitive areas of the market suffering as bond yields resumed their push higher.
ASX 200 Futures were pointing 0.6% higher.
Among stocks, Real estate companies led the declines, down 0.8% as Mirvac Group (ASX:MGR) lost 0.3%, Charter Hall Group (ASX:CHC) fell 2.3%, Goodman Group (ASX:GMG) lost 2.9% and Stockland Corporation Ltd (ASX:SGP) fell 0.6%.
Consumer Staples fell 0.9% as Woolworths Ltd (ASX:WOW) lost 1.2%, Graincorp Ltd (ASX:GNC) fell 0.7%, Coles Group Ltd (ASX:COL) lost 1.4% and Endeavour Group Ltd (ASX:EDV) fell 1.6%
Energy supported the overall market, lifting 2.2% as Woodside Energy Ltd (ASX:WDS) added 2.9%, Santos Ltd (ASX:STO) gained 1.6% and South32 Ltd (ASX:S32) lifted 0.6%.
Coming up in the session, traders will be looking towards fresh trade balance figures.
On the bond markets, Australia 10-Year yields were at 3.775% while United States 10-Year yields were at 3.735%.
In New Zealand, the NZX 50 fell 0.4% to 11,134.