Aust stocks hold gains at noon

Local market sits almost 0.7% higher, shrugging off lacklustre Wall St lead.

The Australian stock market held early gains to sit almost 0.7% higher at noon, despite a lacklustre Wall Street lead as investors awaited easing hints from a United States Federal Reserve policy meeting this week.

At 1205 AEST, the S&P/ASX 200 benchmark index rose 0.68% to 5,081.5 points, while the broader All Ordinaries index lifted 0.7% to 5,061.4 points.

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