Aust stocks flat at noon

Local market unchanged despite signs of recovery in Europe, stellar Wesfarmers windfall.

The Australian stock market was unchanged at noon as investors failed to take inspiration from signs Europe was emerging from recession or a stellar capital return unveiled by Wesfarmers.

At 1205 AEST, the benchmark S&P/ASX200 index edged 0.02% higher to 5,158.2 points, while the broader All Ordinaries index edged 0.02% higher to 5,141.9 points.

Financials were mostly higher, with the big four banks gaining.

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