Shares were little changed on the Australian share market after global indices eased due to concerns about coronavirus cases and economic restrictions.
The S&P/ASX200 benchmark index was up 6.6 points, or 0.09 per cent, to 6681.6 at 1200 AEDT on Tuesday.
The All Ordinaries added 6.3 points, or 0.09 per cent, to 6915.2.
Investors appear to have had enough of mining stocks, as the materials sector rose by only 0.11 per cent after plenty of buying in the past week due to China’s demand for iron ore.
Information technology was the sector with the best gain, 1.06 per cent, while energy had the biggest loss, 1.09 per cent.
America’s most populous state, California, compelled most residents to stay home the day after it reported a record 30,000-plus new coronavirus cases.
The decision took investors’ attention from continuing negotiations between US politicians for an economic stimulus package.
In Australia, National Australia Bank’s business survey showed confidence rising for a fourth straight month in November, and business conditions stand at above-average levels.
The ANZ-Roy Morgan consumer confidence index rose by a further 1.7 per cent in the past week to 109.3, its highest level for 2020.
In property, prices of homes climbed 0.8 per cent for the September quarter, and all capital cities had higher prices except for Melbourne.
Brisbane had the biggest gain, or 1.5 per cent, followed by one per cent for Sydney, according to Australian Bureau of Statistics data.
On the ASX, Bank of Queensland has so far avoided a high rate of customers struggling to repay loans amid the pandemic and reported good progress in repayments.
Only three per cent ($889 million) of the housing loan portfolio had payments deferred as of November 30, while in small to medium business loans, there was also three per cent ($390 million) remaining with the same arrangement.
Shares were down 0.88 per cent to $7.81.
Its big rivals were mixed. ANZ gained 0.34 per cent to $23.42, the Commonwealth rose 0.64 per cent to $81.26, while NAB lost 0.06 per cent to $23.23 and Westpac shed 0.54 per cent to $20.16.
Among the miners, BHP was down 0.02 per cent to $42.38, Fortescue lost 0.93 per cent to $21.19 and Rio Tinto shed 0.84 per cent to $115.0.
Woodside Petroleum chief executive Peter Coleman has said he will retire in the second half of the financial year.
Mr Coleman will have been in the job for more than 10 years.
Woodside has started looking for a replacement.
Shares were down 0.9 per cent to $22.94.
In the US earlier, the S&P 500 dropped 7.16 points, or 0.2 per cent, to 3,691.96. The Dow Jones Industrial Average slid 148.47 points, or 0.5 per cent, to 30,069.79. The Nasdaq gained 55.71 points, or 0.4 per cent, to 12,519.95.
The Aussie dollar was buying 74.13 US cents at 1200 AEDT, lower from 74.30 US cents at Monday’s close.