The Australian market is little changed at lunch, mirroring the more or less flat night on the Dow Jones index on Friday night.

The XJO is down a meager two points at 4885.

Seven out of twelve sectors are in positive territory with consumer staples and telcos the best performers. However losses by material stocks are capping any overall market gains.

In company news, Ten Network Holdings has dropped 4.1% in response to an Australian Financial review article indicating that the company's sale of Eye Corp to private equity group CHAMP has encountered problems.

Elsewhere AWE is up 0.7% after announcing that production has restarted at its Yolla platform at BassGas. Around the region markets are mixed, the Hang Seng is showing a 0.1% loss and the Nikkei showing a 0.1% gain.

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