Aust stocks little changed at noon

Local market flat despite barrage of corporate earnings, WPI, EU data.

The Australian stock market was little changed at noon, despite encouraging eurozone data signalling that the 17-nation bloc may be edging out of recession boosting international markets.

At 1205 AEST, the benchmark S&P/ASX200 index inched up 0.01% to 5,158 points, while the broader All Ordinaries index slipped 0.02% to 5,140.8 points.

In economic news, the Australian Bureau of Statistics will released its wage price index for the June quarter, which showed the index grew in line with expectations.

The Westpac/Melbourne Institute Survey of Consumer Sentiment was also released and showed a boost in sentiment.

Qantas (QAN) chief executive Alan Joyce is due to speak at an American Chamber of Commerce in Australia lunch.

In Australia, the market on Tuesday hit a three month high, with investors buoyed by positive local earnings performances and potential stimulus measures in Japan.

The benchmark S&P/ASX200 index wasup 49 points, or 0.96%, at 5,157.7.

The broader All Ordinaries index was up 47.5 points, or 0.93%, at 5,141.6.