Quay Equities Midday Market Update: Market takes a breather from earnings as all eyes on Telstra Management changes. The Australian Share Market is trading...

Quay Equities Midday Market Update: Market takes a breather from earnings as all eyes on Telstra Management changes. The Australian Share Market is trading marginally in the red as the market takes a well-deserved breather with a less intense reporting calendar moving all focus to a significant management change at Telstra. Overnight, Greece's debt issues and the uncertainty in the Eurozone continued with Germany rebuffing the request by Greece to extend is bailout with negotiations to continue. Market Turnover into lunch was again pretty good at $1.502 billion, despite many Asian markets closed again today. We have actually seen strong turnover for the week which was surprising given the amount of company reporting the market has had to digest. Possibly a little off shore action hitting our screens. This afternoon, I expect the marginal selling to continue with no real incentive to open new positions ahead of the weekend. For the rest of the wrap please visit (VIEW LINK)