The Dow Jones closed just short of another record overnight, as markets in Europe and the US gained ground following the latest Fed meeting. Wall Street swung higher after the Fed stuck to its view that interest rates will remain near zero for a considerable time after stimulus wraps up in the next few months.
The Aussie market has enjoyed a positive start to the new trading week, on the back of the solid leads provided by international markets on Friday night. The ASX 200 is presently up 21 points (+0.4%), at 5377. Across the sectors, most are in positive territory led by materials charging ahead on higher commodity prices.
The Aussie market is enjoying another day of strong gains so far today. The ASX 200 is presently up around 40 points (+0.8%) at 5348. The gains are widespread, with every sector in the green; IT and healthcare stocks are the best performers, whilst financials are the laggards. In economic news, the ABS has reported
Unsurprisingly, the Aussie market is getting trounced so far today. The local bears have dug their claws right into the market, dragging it 75 points (-1.5%) lower, to 5112. No corner of the market has been spared the carnage, with materials, healthcare and consumer discretionary stocks the worst in show. While offshore leads are sending