The Aussie market is off to a soft start to the new trading week, with the XJO currently 30 points (-0.8%) underwater.

The weakness is widespread, with nearly every sector in negative territory.

Materials (BHP -0.9%, RIO -1.3%, FMG -1%) and financials (CBA -0.9%, ANZ -1.9%) are the hardest hit.

There is no major company news but there are some big movers on the day, Kagara is down 7% whilst Iluka is off 5.5%.

Around the region, Asian markets are all weaker; the Hang Seng is off 2.1% whilst the Nikkei is down a more modest 0.2%.

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Midday Market Analysis: Tough Start is a post from: Australian Stock Report Market Pulse Blog