The S&P 500 index experienced a 0.5% decline on Friday following the release of a US producer price index report indicating a rise in prices, particularly attributed to increased service costs, retracting from its previous record high.
At 11:30am, the S&P/ASX 200 is 0.18 per cent higher at 7,672.10.
The SPI futures are pointing to a rise of 17 points.
Best and worst performers
The best-performing sector is Materials, up 1.21 per cent. The worst-performing sector is REITs, down 1.32 per cent.
The best-performing large cap is Boral (ASX:BLD), trading 3.33 per cent higher at $6.045. It is followed by shares in South32 (ASX:S32) and Meridian Energy (ASX:MEZ).
The worst-performing large cap is Cochlear (ASX:COH), trading 2.55 per cent lower at $326.02. It is followed by shares in BlueScope Steel (ASX:BSL) and ASX (ASX:ASX).
Commodities and the dollar
Gold is trading at US$2028.40 an ounce.
One Australian dollar is buying 65.48 US cents.