The Australian share market is marginally higher to begin the week, reflecting mixed offshore leads during the long weekend for the Queen's Birthday holiday.
The United States market dropped overnight but had posted gains on Friday, RBS Morgans senior private client adviser Bill Chatterton said.
"A combination of those two things is pushing us up and if you look across most sectors, we are getting a little bit of support in most areas," he told AAP.
The ASX 200 index is down nearly 10 per cent for the last month, and some traders are thinking the sell off is overdone and are starting to buy in again.
A standout performer is News Corporation, which opened 72 cents higher, up 2.2 per cent, at $33.74.
Chairman Rupert Murdoch was in Australia last week during briefings to investors and analysts ahead of the looming split of the group into separate companies.
In materials, BHP Billiton was two cents weaker at $33.07 and Rio Tinto was flat at $53.20.
Gold miner Newcrest Mining's week started as horribly as last week ended, with the stock down 33 cents, or 2.7 per cent, at $12.02.
The company last week revealed massive write-downs and job cuts.
KEY FACTS
* At 1040 AEST on Tuesday, the benchmark S&P/ASX200 index was up 5.5 points, or 0.12 per cent, at 4,743.2.
* The broader All Ordinaries index was up 8.2 points, or 0.17 per cent, at 4,737.5.
* The June share price index futures contract was 50 points lower at 4,747, with 10,004 contracts traded.
* National turnover was 332.7 million securities worth $840.8 million.
