The Australia market has opened lower following weak leads from Wall Street.
The upward trend in equities markets has paused this week.
One reason is that the Federal Reserve's statement earlier this week didn't detail how long the US central bank would continue its economic stimulus program.
RBS Morgans Brisbane private client adviser Alistair McCorquodale said people were waiting to see what the Fed did next.
“Base metals prices were also off, particularly copper which is the biggest driver, so the miners were off in London,” he said.
The release of China's manufacturing purchasing management index (PMI) data at midday AEDT will also be closely watched in Australia.
Locally, the banks are mixed. National Australia Bank was up nine cents to $35.40 following Thursday's punishment despite a record profit and Westpac had gained 15 cents to $34.44 but Commonwealth Bank had lost 35 cents to $75.73 and ANZ was down 5.0 cents to $33.79.
Shares in Macquarie Group were higher after the investment bank lifted its half year profit nearly 40 per cent to $501 million and increased dividend payments to shareholders. Its shares were $1.32 better at $52.27.
But miners were weaker, with BHP Billiton down 25 cents to $37.41, Rio Tinto off 60 cents to $63.39 and Fortescue losing 4.5 cents to $5.165.
The gold sector's volatile year continues with the sector 3.7 per cent down in early trade and Newcrest Mining 29 cents, or 2.8 per cent, lower at $10.01.
- At 1035 AEDT on Friday, the benchmark S&P/ASX200 index was down 5.5 points, or 0.1 per cent, at 5,420.
- The broader All Ordinaries index was down 6.4 points, or 0.12 per cent, at 5,413.9.
- The December share price index futures contract was 14 points lower at 5,402, with 11,930 contracts traded.
- National turnover was 365.3 million securities worth $521.3 million.