Market Update: The S&P/ASX 200 was marginally up 0.1% to 5,340 points despite the fact US equity markets closed lower last Friday night

Market Update: The S&P/ASX 200 was marginally up 0.1% to 5,340 points despite the fact US equity markets closed lower last Friday night. All the major banks were between 0.2% to 0.5% higher. Kathmandu Holdings jumped 10.3% after its first-half profit lifted 10%. Resources pared gains as China's HSBC Holdings PMI came in at 48.1, lower than forecast of 48.7. BHP climbed 0.4% and RIO was flat. The AUD was flat at USD 0.9083. The SPI was up 0.2% at 5,341 points on the Sydney Futures Exchange.