Local stocks are recording positive gains at lunchtime in the East, despite a fairly flat start to the trading session. Overnight, Wall Street staged a remarkable comeback on hopes an agreement on the Fiscal Cliff could be reached before Christmas.
At lunchtime in the East, the All Ordinaries Index (XAO) is up 16.3pts or 0.4pct to 4478.9.
Index leader BHP Billiton ( BHP ) is holding its Annual Gernal Meeting ( AGM ) today. The miner has told shareholders global financial problems continue although there are some signs of stabilisation. At lunchtime in the East, BHP shares are up 0.4pct to $34.15.
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