Aust stocks lift at noon
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The Australian stock market has pushed higher at noon but pulled back from the morning's fresh five-year intra-day high after official data showed inflation increased more than expected in the September quarter.
At 1205 AEDT, the benchmark S&P/ASX200 index was 0.23% higher at 5,385.3 points, while the broader All Ordinaries index increased 0.25% to 5,384.8 points.
In earlier trade, the benchmark index reached as high as 5,402.4 points.
This is its highest point, and the first time above the key 5,4000 threshold, since the week commencing June 16, 2008, during which the index peaked at 5,444.2 points.
Inflation rose 1.2% in the June quarter, above expectations of a 0.8 per cent lift, Australian Bureau of Statistics data showed.
In the United States, the US Labor Department report, issued belatedly due to the government shutdown, showed the country added 148,000 jobs in September, well below the 183,000 expected by analysts.
International markets gained as investors interpret the jobs figures as meaning the Federal Reserve will continue its stimulus measures.
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