Mar 26, 2014

Morning Market Report

A strong start for local and worldwide markets off the back of more good news from the US.

The market is up 43 points. The Dow Jones was up 91 at 16,368  after a positive start due to a strong lead from European share markets, shares drifted lower until upbeat economic data boosted the index. The market was up 130 points at one stage with gains generally broad-based.

US economic data was largely positive — consumer confidence rose to a six year high of 82.3 and a measure of home prices rose 0.8% in the month and 13.2% from year ago levels. New home sales fell 3.3%.

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