Scoreboard: China watch

The local market is tipped for a modest rise after Wall Street hit fresh records and ahead of key data out of China.

Friday’s session capped off the sixth consecutive rise for US stocks and while gains weren’t spectacular, we are talking new record highs. So for the week in total, the S&P 500 is up 1.4 per cent, which isn’t bad at all.

In terms of major themes there isn’t much -- the Fed appears to have calmed investor fears, suggesting that a rate hike isn’t on the cards just yet. Then economic data is having a good run, not that we saw much on Friday.

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