The Australian Share Market has had a strong start to the session reversing all of yesterday's loses to be trading in positive territory
The Australian Share Market has had a strong start to the session reversing all of yesterday's loses to be trading in positive territory. The market directly followed Wall Street's lead higher ahead of the Fed Reserve meeting which kicks off tonight. With the U.S dollar pulling back and a mixed bag of economic data maybe suggesting the calls for June hike more possible then any hikes in March or April. All eyes on the Fed tonight. Market Turnover leading into lunch was very strong at $1.959 billion, with a lot of interest given the RBA minutes and ahead of the Fed. As it did in reverse yesterday the market has run very hard in the first selling, I expect some profits to be booked later this afternoon but still expect a positive finish. RBA minutes from its March meeting revealing a number of reasons for its pause which included seeing more economic data..... For the full wrap please visit (VIEW LINK) for the rest of the wrap.
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