Australian market opens higher

0700 AEST on Tuesday, the price of the shares-futures-index rose 14 points, or 0.25 percent, to 5,685.

Many major stock markets fell in the offshore session, including the Wall Street investors shy away from riskier assets in favor of bonds, gold and the US dollar.

Investor sentiment was dented by North Korea’s Declaration that the US President, Donald Trump had declared war on the country and reserved the right to take counter-measures, including shooting down US bombers, even if they are not in your own air space.

The White house denied the statement, calling the proposal “absurd”. The Dow Jones Industrial Average fell 0.24 percent, the S&P 500 lost 0.22% and the Nasdaq Composite fell 0.88 per cent.

The US dollar index rose by 0.5 percent, while gold bullion a one percent raised. Locally, in economic news on Tuesday, Reserve Bank of Australia Assistant Governor (Financial stability) Michele Bullock is scheduled to participate in a panel discussion at one of the Lander & Rogers and the Westpac-hosted the briefing with the title “Where to from here?” in Sydney.

Meanwhile, the ANZ-Roy Morgan Consumer Confidence weekly survey is due. In equities news, Kathmandu is expected that the release of the full year and the ASX its annual General meeting in Sydney.

The Australian market closed on Monday, only in the positive range, after shedding earlier gains on energy, mining and banking sector and a decline in consumer stocks. The benchmark S & P/ASX200 index rose by 1.6 points or 0.03 percent to 5,683.7 points. The broader All Ordinaries index rose by 1.1 points, or 0.02 percent, to 5,741.7 points.

Meanwhile, the Australian dollar slipped against a stronger US dollar, as investors, led to safe-haven assets. The local currency is trading at 79.37 US cents at 0700 AEST on Tuesday, it was, of 79.59 on Monday.