The Aussie market is little changed so far today, with the local bulls failing to capitalise on the leads provided by international markets on Friday night.

The XJO is currently five points (-0.1%) weaker, at 4320.

Most sectors are weaker, with consumer staples, consumer discretionary and financials the weakest links.

Conversely, materials and industrials are the best performers.

In company news, Fisher & Paykell Appliance shares have surged 28.5% after receiving an expression of interest in making a takeover offer from major shareholder Haier.

Elsewhere, Grange Resources is up 8.5% after reaffirming its CY12 production guidance of approximately 2.3 million tonnes of iron ore.

Around the region, Asian markets are mainly stronger; the Hang Seng is up 0.2% whilst the Shanghai Composite has firmed 0.3%.

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