Aust stocks open flat

Local market little changed despite Wall Street gains on solid retail earnings.

The Australian stock market opened flat after Wall Street mostly gained following some solid retail earnings reports and with help from bond yields, which retreated from recent peaks.

At 1015 AEST official market open, the benchmark S&P/ASX200 index inched up 0.02% to 5,079.2 points, while the broader All Ordinaries index edged 0.04% higher to 5,070.7 points.

Materials were mixed, with the major miners going each way.

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