There is not a lot going on, so let’s take a look at AAP’s finance report:

A sell-off in Australia’s heavyweight financials sector is leading the share market lower, while most other sectors are under selling pressure.

The S&P/ASX200 slipped 37.3 points on Tuesday morning, down 0.42 per cent, to 8,944.1, as the broader All Ordinaries lost 35.4 points, or 0.38 per cent, to 9,244.8.

Nine-of-11 local sectors were trading lower by lunchtime, as consumer-facing plays and real estate stocks also faded.

Inflation warnings from the Reserve Bank and a subsequent reduction in interest rate cut hopes have “rattled” households and dragged consumer confidence to six-month lows in September, according to Westpac’s monthly survey.

“This news, and signs of firmer consumer demand and a pick-up in housing markets, looks to have sparked renewed doubts about the path of interest rates, weighing on near-term expectations for family finances and the economy,” Westpac senior economist Matthew Hassan said.