The Australian Share Market has opened the session modestly higher however is struggling for direction as a lacklustre session on Wall Street spread to our...

The Australian Share Market has opened the session modestly higher however is struggling for direction as a lacklustre session on Wall Street spread to our market this morning. Overnight a quiet day of economic releases led the market to evaluate Friday's outperforming U.S jobs data while in Europe, the ECB commenced its QE program. Market Turnover leading into lunch was $1.132 billion with a number of states including Victoria and South Australian returning from public holidays. This afternoon's trade is likely to be influenced by Chinese PPI & more importantly CPI data due out at 12:45pm Sydney time a good read combined with some interest in BHP ahead of tomorrow's ex-dividend should lead to a positive finish for the market. Commodity movements overnight again influencing local trade. Iron Ores continual falls again a heavy influence on our miners BHP (-1%), Rio Tinto (-1.27%), Fortescue (-1.87%) and Atlas (-3.13%) again in the red to be the major index lag. For the entire wrap please visit (VIEW LINK)