The Australian share market was in the red at noon after a broad-based sell-off, although a higher oil price overnight drove gains in the energy sector and investors flocked to health care stocks.
All Ordinaries index had dropped 17 points, or 0.41 per cent, to 4529 points.
Some analysts are saying "The market is at a point of inflection. It feels like it wants to go down, but there is no catalyst for it at this stage. The market will probably be looking next to (US) unemployment data coming out on Saturday."
According to figures released by the ABS today, Australia had a trade deficit of $1.849 billion for September widening from a deficit of $1.651 billion in August.
The best performing sector at midday is the Industrials index which is up 40 points to 3,729.
The worst performing sector at midday is the Real Estate Investment Trust index, down 15 points at 840.
Gold is trading at US$1,089.85 an ounce and the Aussie dollar is trading at 90.94 US cents.
6 November Australia RBA quarterly statement Japan leading economic index, Sep UK producer price index (PPI), Oct US employment data, Oct US wholesale inventories and sales, Sep
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DOM: Bought some at 3.61 LRC: Bought at .02(more anns to come)
