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Economics

Market wrap - midday

Australian stocks were higher at noon as news of a proposed takeover of Bendigo Bank by rival Bank of Queensland (BoQ) pushed up other regional lenders, and higher metal prices helped the big miners. At 1200 AEDT, the benchmark S&P/ASX200 index rose 35.6 points to 5,871.9 while the all ordinaries added 32.2 points to 5,850.

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