Share markets in Europe moved mostly lower overnight on the back of lower energy prices.
The FTSE100 fell 0.7%, the French CAC40 was down 0.3% but the German Dax index rose 0.2%.
The Euro Stoxx index fell 0.1%. In the US, the picture was brighter with the Dow up 0.3% and the S&P500 up 0.1%.
The US market remains on edge over the unfolding company profit reporting season and over the timing and pace of US rate rises.
US bond markets were closed overnight for the Columbus Day federal holiday.
The futures market was open and saw the implied yield on US 10 year government bonds fall 3 basis points to 2.06%.
There was very little movement in Australian yields yesterday with 10 year government bonds yielding 2.71% and 3 year bond yields up 1 basis point to 1.91%.
Firmer commodity prices saw commodity currencies, including the AUD, gain ground on a weaker USD.
The USD index was a touch weaker but closed broadly steady against the euro.
The price of West Texas Intermediate light crude oil fell 5.0% overnight as supply continues to be firm out of OPEC nations.
A weaker US dollar saw gold edge higher while the price of copper was also marginally higher. Iron ore was steady at $US57 per tonne.
No major data released yesterday. Business sentiment figures are due out today.
No major data released overnight but today its latest figures on imports and exports are due for release. These may provide insight into the pace of economic growth in China.
No major data released overnight. Inflation figures are due out tonight.
Members of the US Federal Reserve Open Market Committee (FOMC) continue to vacillate in their thinking on the timing of a US rate hike.
Chicago Fed President Charles Evans, who has long wanted the US central bank to wait until next year to raise rates, signalled overnight that he could be persuaded to support a rate hike this year, so long as the increases were gradual.
FOMC member Lockhart noted last night that there could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting.
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