Scoreboard: Vague Yellen

The local market is tipped to start the week softer following profit-taking in the US after Janet Yellen failed to give clarity on interest rate movements.

In US economic data, the weekly Economic Cycle Research Institute index fell from a 3.6 per cent annual rate to 2.8 per cent.

US Federal Reserve chair Janet Yellen said that US job markets still hadn't recovered fully from the global financial crisis and policymakers must be cautious in starting the process of lifting interest rates.

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