Aust stocks flat at noon

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.