Aust stocks unchanged at noon

Local market pares slight early gains despite Wall Street lead.

The Australian stock market pared minor early gains to sit unchanged at noon, with investors shrugging of gains on Wall Street overnight after United States Federal Reserve chairman Ben Bernanke saying tapering of stimulus measures was not on a "preset course".

In testimony to Congress, Dr Bernanke reiterated that the Fed would likely scale back its $US85 billion-a-month bond-buying program later this year, but only if the economy improved.


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