The Australian sharemarket is holding broadly steady at noon after falls in commodity prices overnight as investors react to a fresh barrage of local earnings reports. At 12. 05pm (AEST), the benchmark S&P/ASX200 index edged down 10. 4 points, or 0. 18 per cent, to 5,613. 4, while the broader All Ordinaries index inched down 9 points, or 0. 16 per cent, to 5,609. 4. "With valuations full, it doesn’t take much to disappoint the market," CMC Markets chief market analyst Ric Spooner said. "Having pushed prices up strongly in recent days, short term traders will be reversing their position on BHP today.
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