Scoreboard: European push

European markets surged overnight as traders reacted to the Fed's taper decision, while Wall Street was little changed on weak data.

It looks like markets are still digesting the Fed’s taper decision. Not so much in the US equity space – investors, traders, mums and dads – everyone there is taking a well-deserved break. I mean it’s been such a great year for global stocks and well, now the Fed's done – it’s Christmas time people. It’s fair to say that the Europeans had a final pre-Christmas surge – the Dax lifted 1.7 per cent, while the CaC rose 1.6 per cent. Not so on Wall Street though, at the time of writing the major indices were around zero – the S&P500 and Nasdaq just below (-0.1 or -0.2 per cent), and the Dow just above ( 0.1 per cent).

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