Australia market ends flat as data, retailers weigh

Australian share market finished the session slight higher after trimming morning gain during the course of the afternoon trade on Tuesday, 10 June 2014. The continued appeal of high yielding stocks, such as banks, property trusts and Telstra, offset the gloomy mood from a raft of disappointing local economic indicators and profit downgrades from the retailers (The Reject Shop and Pacific Brands Group). The benchmark S&P/ASX200 and the broader All Ordinaries each climbed up 0.1% to 5469.70 and 5448.50, respectively, after having traded as much as 0.6% higher in the morning.

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