The Aussie market is flat so far today, with the XJO up just four points, at 4210.
Telcos and energy stocks are the strongest performers, whilst consumer staples and IT stocks are the weakest links.
In company news Elemental Minerals has jumped 3.7% after releasing some positive drilling results at its Kola deposit.
Elsewhere, Ten Network Holdings is up 1% after announcing that it has sold its outdoor advertising business EYE Corp to Champ Private equity for approximately $145 million.
Around the region, Asian markets are mixed; the Hang Seng is up 0.1% whilst the Shanghai Composite (-0.3%) and Nikkei (-0.3%) are weaker.