SCOREBOARD: Unnecessary reservations

Chicago Fed president Charles Evans painted a solid picture of the US recovery, while giving reason to think QE won't be pulled back any time soon.

Well there wasn’t a great deal of action overnight for punters. US stocks ended slightly weaker, with the S&P500 off 0.1 per cent (1666), the Dow down 23 points (15,330) and the Nasdaq also 0.1 per cent lower (3495). Energy and basic materials were the key outperformers for the session and that follows a lift in commodities for a change - crude was up 0.7 per cent ($96.7), copper 0.9 per cent higher and gold up $28 to $1392.

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