Mar 21, 2014

Morning Market Report

The department store war between David Jones and Myer dominated local trading.

The market is up 16 points.

The Dow Jones was up 109 at 16,331 — markets started the day lower after Fed comments suggesting earlier than expected increases to interest rates but turned positive after some positive economic data and the apparent realisation that interest rates would rise when the economic environment warranted the decision. The market traded in a 200 point range.

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