Midday Market Analysis: Defiant Aussie
In light of the poor leads provided by international markets last evening, the Aussie market is showing plenty of pluck once again today.
The XJO is down just 10 points (-0.2%), currently trading around 4265 off a low of 4238.
The sectors are fairly evenly balanced between winners and losers with healthcare, telcos and financials the leaders, whilst materials, consumer discretionary and industrial plays are the weakest links.
In company news, QR National said that it may miss its full-year earnings guidance by 6.6%, due to strike action at mines and QLD’s wet weather.
Around the region, Asian markets are mainly weaker; the Hang Seng is down 1.2% whilst the Nikkei 1.1%