The XJO suffered early losses and managed to claw back some of those throughout the afternoon with choppy trading. It closed well off the lows but still down 26.8 points or half a percent. The Utilities sector was the strongest by far, closing up 1.3%. and the only others to scrape into positive territory were Consumer Discretionary and Information Technology. Those hit the hardest were Health and Industrials with the Materials and Metals/Mining sectors not far behind, all down 1% or more. The Australian Dollar remains close to record highs against the Greenback as it does some consolidating. It is currently at 1.0530. Like our market, US markets had a choppy session last night – the Dow Jones finishing up just 7.41 points. All in all a pretty uneventful day.