Aust stocks flat at noon

Local market little changed midway through session on modest Wall St gains.

The Australian stock market remained flat at noon after Wall Street mostly gained following some solid retail earnings reports.At 1205 AEST, the benchmark S&P/ASX200 index inched up 0.04% to 5,080 points, while the broader All Ordinaries index edged 0.03% higher to 5,070.4 points.

In Australia, the market yesterday slipped as speculation about a winding back of US stimulus weighed on resource stocks.

The benchmark S&P/ASX200 index was down 34.3 points, or 0.67%, at 5,078.2 points.

The broader All Ordinaries index was 33.5 points lower, or 0.66%, at 5,068.8 points.

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