Aust stocks lift slightly at noon

Local market gains after sell-offs yesterday and falls on international markets.

The Australian stock market has lifted slightly after widespread sell-offs and profit-taking yesterday afternoon and falls on international markets overnight. 

At 1205 AEDT, the benchmark S&P/ASX200 index rose 0.26 per cent to 5,370.2 points, while broader All Ordinaries index added 0.26 per cent to 5,370.9 points.

In economic news, Reserve Bank of Australia released its annual report to parliament, showing a strong lift in full-year profit.

RBA deputy governor Philip Lowe is slated to speak at the CSA Institute's Australia Conference in Melbourne.

In Australia, the market yesterday fell for the first time in seven trading sessions following a jump in China's money market rate.

The benchmark S&P/ASX200 index was down 14.4 points, or 0.27%, at 5,356.8 points.

The December share price index futures contract was 10 points weaker at 5,346 points, with 23,103 contracts traded.

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