The Aussie market is slightly above water heading into the afternoon session, with the XJO currently 15 points (+0.3%) above water, at 4310.
The index has rallied an early low of 4280 but is now treading water ahead of the RBA decision.
Telcos and utilities are the best performers, whilst materials and financials are the weakest performers.
In company news, Cochlear is up more than 8% after reporting their latest interim results, whilst Macquarie Group is weaker after flagging a 25% fall in profit and a share buyback.
Around the region, Asian markets mixed; the Hang Seng (+0.4%) is stronger, whilst the Shanghai Composite (-1.1%) and Nikkei (-0.3%) are weaker.
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Midday Market Analysis: Volatile Morning is a post from: Australian Stock Report Market Pulse Blog