Scoreboard: Fed followers

Wall Street eased despite some upbeat data as investors wait for the Federal Reserve’s monetary policy statement, while European markets were boosted by healthy earnings.

In US economic data, the Standard & Poor's/Case Shiller home price index eased 0.3 per cent in May to be up 9.3 per cent over the year. Economists tipped a 0.2 per cent rise in prices in the month to be up 10 per cent over the year. The consumer confidence index rose from 85.2 to 90.9 In July, well above forecasts for a result near 85.3. The Dallas Federal Reserve services index rose from 16.9 to 21.5 in July. And chain store sales in the latest week were up by 3 per cent on a year ago, down from 3.7 per cent in the previous week.

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