Resources, energy and banking shares are weighing on the local share market in early trading.
A short time ago the All Ordinaries Index was down 9 points to 4,423, and the ASX 200 was 0.2 per cent lower at 4,404.
Oil and gas exploration and production firm Santos was down almost 2 per cent, and Woodside Petroleum is 15 cents lower to $33.39.
BHP Billiton was down 6 cents to $33.63 and Iluka Resources was 1.25 per cent lower.
Westpac was the worst of the big four banks with losses of 15 cents to $24.68, while the Commonwealth Bank is bucking the downward trend - it was up 5 cents to $58.72.
The Australian dollar was buying 103.8 US cents.