ASX 200 gains on energy, miners; Whitehaven Coal hits record high, tech stocks drag

ASX ends higher as energy and miners gain. Whitehaven Coal hits record high; European gas prices rocket 30 per cent, Fortescue trades ex-dividend and jobs ads exceed peak

Investors are positioning ahead of an expected hike in interest rates by the Reserve Bank on Tuesday. Picture: NCA NewsWire / David Swift

Welcome to the Trading Day blog for Monday, September 5. The Australian sharemarket stars the week higher as energy and materials bounce ahead of the Reserve Bank's monthly meeting on Tuesday.

The S&P/ASX 200 index was up 0.3 per cent to 6852.20.

Wall Street closed lower on Friday with the S&P 500 index down 1.1 per cent while the Nasdaq index fell 1.3 per cent and the Dow Jones Industrial Average index ended 1.1 per cent lower after rising in early trade.

US 10-year bond yields fell to 3.19 per cent, while two-year yields are lower at 3.39 per cent.

Oil prices are lower with global benchmark Brent crude falling 0.7 per cent to $US93.02 per barrel and the US Nymex down 0.3 per cent to $US86.87 per barrel.

Iron ore futures dropped 1.1 per cent to $US95.34 per tonne.

The Aussie dollar was near US67.86c at the local close.