The Aussie market is flat so far today, holding around 4430.
The index traded up to a high of 4445 but the bulls couldn’t maintain the momentum and the index rolled over.
The sectors are fairly evenly balanced between winners and losers, with healthcare, IT and energy the strongest performers, whilst utilities, financials and telcos are the weakest links.
In company news, Brambles has jumped 3% after announcing that it is on track to meets its full year profit target of between US$1.05 billion and US$1.08 billion.
Elsewhere, APN News & Media is trading flat, after saying that it will review its media businesses in New Zealand due to receiving several approaches for the assets.
Around the region Asian markets are all trading higher; the Hang Seng and Shanghai Composite are 0.9% each, whilst the Nikkei is up 0.1%.