Australian Market is Trading in Red Today

• The Australian market is trading lower as market is following the soft leads from US where disappointing earning results from Goldman Sachs and Citigroup weighed on the market. In morning session, the benchmark S&P/ASX 200 opened positively at 5,3318.20 while the broader All Ords opened at 5,327.60.

• Among all the sectors, Energy, IT and materials shares are leading the gains.

• The Australian dollar is struggling to recover its losses after a weak employment report saw the local currency fall to a three-and-a-half-year low. Presently, AUD is trading at 88.12 US cents.

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