The Aussie market is struggling so far today, despite Europe markets providing a solid lead last night.

Most sectors are weaker with financials, healthcare and industrials the weakest links.

On the other end of the spectrum, IT and materials stocks are the best performers.

In company news, Fortescue has dropped 2.3% after lowering its FY13 production guidance to between 82 million tons and 84 million tons, from a previous estimate of 86.5 million tons.

The group has also reduced its expected capital expenditure to US$4.6 billion from US$6.2 billion.

Around the region, Asian markets are subdued; the Hang Seng (-0.2%) and Nikkei (+0.1%) are little changed

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Midday Market Analysis: Aussie Struggling is a post from: Australian Stock Report Market Pulse Blog