James Gruber

Plus, why the price of oil is on the rise again.

Hello, good morning.

I'm James Gruber.

It's Tuesday, the 28th of April, and this is the morning edition of the ComSec Market Update.

It's shaping up to be an interesting few days for markets, both here in Australia and overseas.

There'll be some big corporate earnings on Wall Street to digest, as well as some interest rate decisions from overseas central banks and key economic data.

And of course, there's the Middle East conflict.

And on that, investors in the US have now had a trading day to consider the possible impact of Donald Trump's weekend decision to cancel his US envoys trip to Pakistan to peace talks.

The Strait of Hormuz remains restricted, which we know is being felt around the globe.

So let's now take a look at what we're expecting when the Aussie share market opens later this morning.

When the ASX futures were last trading a short time ago, they were down 53 points or 0.6%.

It was a public holiday in some states yesterday following Anzac Day on Saturday, but our market was open and when things wrapped up yesterday afternoon, it marked a fifth consecutive session of declines.

The figures?

A decline of 20 points or 0.23% to 8,766.

The bottom performing stocks were Resolute Mining and Origin Energy down 8% and 5% respectively.

Okay, let's now check in on commodities and currencies.

Global oil prices climbed on Monday as peace talks between the US and Iran stalled and shipments through the Strait of Hormuz remain limited, keeping global oil supplies tight.

Brent crude futures settled 2.8% higher.

at $108.23 a barrel.

Base metal prices drifted lower on the pause in U.S.