Aust stocks flat at noon

Local market unmoved following RBA minutes and record gains on Wall St.

The Australian stock market was little changed after the Reserve Bank of Australia released its July board meeting minutes and following record gains on Wall Street overnight.

At 1205 AEST, both major indices pared earlier slight gains, with the benchmark S&P/ASX200 index rising 0.04% to 4983 points and the broader All Ordinaries index 0.03% higher at 4967.3 points.

In equities news, Rio Tinto is scheduled to release its second quarter operations review.

In Australia, the market on Monday closed higher for a fifth straight day, helped by encouraging signs for the housing sector which drove a rise in banking shares.

The benchmark S&P/ASX200 index was up 7.2 points, or 0.14%, at 4,981.1 points, while the broader All Ordinaries index was up 8.1 points, or 0.16%, to 4,965.6 points.

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