The Aussie marker is little changed so far today, with the XJO 10 points (-0.2%) lower, at 4350.
Most sectors are weaker with materials, utilities and consumer discretionary stocks the weakest links.
Conversely, telcos, IT, and consumer staples are the best performers.
In company news, WorleyParsons is down 0.5% after reporting an FY12 profit of $353.2 million, a 3% fall on the prior year’s result.
Elsewhere, Transfield has dropped 6.6% following the release of its FY12 results which contained poor guidance for FY13.
Around the region, Asian markets are mixed; the Hang Seng is down 0.1% whilst the Nikkei is up 0.3%.