Most sectors are weaker, with healthcare and utilities hardest hit. Industrials and consumer staples are the strongest performers.
In company news, Aquila Resources (AQA) is currently trading more than 5% higher after the company ended their dispute with Brazil’s Vale.
In economic news, consumer prices rose more than expected in the three months to June, largely due to a spike in the cost of fresh fruit.
The CPI rose 0.9% in the June quarter, sending the annual rate jumping to 3.6% – its highest level since 2008.
The figures all but rule out an interest rate in the near-term.
Around the region, Asian markets mainly weaker; the Nikkei is down 0.5%, whilst the Hang Seng and Shanghai Composite are marginally weaker.