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.