The Aussie market is struggling again today, weighed down by uncertainty in ahead of what might come out of Europe over the weekend.
The XJO is presently down 25 points (-0.6%), at 4033.
Materials are the hardest hit, following a soft night for commodities, followed by financials and healthcare.
Conversely, consumer discretionary and telcos are the strongest performers.
In company news, Sims Metal Management has plummeted 5.8% after downgrading its FY12 profit guidance.
Elsewhere, Acrux is up 2.4% after announcing that it has been given marketing approval by the Pharmaceutical Benefits Advisory Committee for its Axrion testosterone drug.
Around the region, Asian markets are mixed; the Hang Seng (-0.4%) is weaker, the Shanghai Composite is stronger (+0.1%) and the Nikkei is flat.