Australian Stock Market Report – Midday 6/20/2012

By Juliette Saly, CommSec Market Analyst

Local stocks are staging a rebound today on the back of positive moves on offshore markets. US shares rose on hopes of further stimulus from the Federal Reserve while European markets rallied to a one month high. Mid-session, the All Ordinaries Index (XAO) is firmer by 21.6pts or 0.5pct to 4189.

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