Stocks to watch on the Australian stock exchange:

BHP – BHP BILLITON

FMG – FORTESCUE METALS GROUP

RIO – RIO TINTO

The price of iron is steady on its first session of trading after a public holiday, dropping just five US cents to $US54.75.

ORG – ORIGIN ENERGY

STO – SANTOS

WPL – WOODSIDE PETROLEUM

Oil prices have steadied, with both Brent crude up 1.4 per cent at $US38.22 and WTI 2.4 per cent higher at $US36.56 at 0800 AEST.