Market Update: The S&P/ASX 200 opened lower on the back of the US equity markets' fall but slowly climbed back to the positive territory to be up 0.1% at 5,266...

Market Update: The S&P/ASX 200 opened lower on the back of the US equity markets' fall but slowly climbed back to the positive territory to be up 0.1% at 5,266 points after senate leaders resumed fiscal talks. Resources led the gain, BHP rose 1.2% and RIO added 1.4%. Banks were flat with ANZ, NAB and WBC rising between 0.1% to 0.3% while CBA was down 0.1%. The AUD lost a little ground to be trading at US$0.9525. The SPI was up 0.2% at 5,258 points on the Sydney Futures Exchange.