Scoreboard: Fed tap dance

Solid US data is unlikely to budge the Fed anytime soon, while global news will set the scene for local markets this week.

Friday’s session should set a good tone for our market this week, although the SPI was only up 8 points (0.1 per cent). Still, gains in the US were better than this and the S&P500 and Dow hit new records of 1798, up 0.4 per cent. The Dow was 85 points higher (1596), while the Nasdaq rose 0.3 per cent (3985).

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