The Aussie market is back in the red today, defying the positive leads provided by international markets overnight.

The XJO is presently 15 points (-0.4%) underwater, trading around 4280.

All but a handful of sectors are in the red, with telcos, materials and utilities the hardest hit, whilst healthcare, consumer staples and consumer discretionary stocks the best performers.

In company news, Western Area NL is up 3.3%, after lifting it production guidance for the current financial year, on the back of its underground operations exceeding expectations.

Around the region, Asian markets are mixed; the Hang Seng is down 1%, whilst the Shanghai Composite (+0.2%) and Nikkei (+0.1%) are slightly ahead.

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Midday Market Analysis: Early Strength Evaporates is a post from: Australian Stock Report Market Pulse Blog