Scoreboard: Europe bounce

European shares reacted well to the Fed's rates pledge, and the US market gained, while the Australian dollar held under US90c.

In US economic data, jobless claims fell by 36,000 to 280,000 last week -- the lowest level since July. US housing starts fell 14.4 per cent in August after an outsized 22.9 per cent gain in July. US building permits fell by 5.6 per cent in August after rising by 8.6 per cent in July. On a more positive note, housing starts in the South (where about half of all US housing construction takes place) rose to an eight-month high, while permits in the region rose to their highest level since April 2008.



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