Aust stocks rise at noon

Local market retreats slightly to sit 0.8% higher on uptick in European sentiment.

The Australian stock market pared gains slightly to sit 0.8% higher at noon on an uptick in European markets after the eurozone and British central banks reaffirmed their commitment to monetary easing.

At 1205 AEST, the benchmark S&P/ASX200 index lifted 0.81% to 4,833.7 points, while the broader All Ordinaries index added 0.8% to 4,819.1 points. Earlier, the benchmark touched a high of 4853.4 points.

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