Macro Morning

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By Chris Becker 

Stocks pushed slightly higher on Wall Street overnight, following a mixed session in Europe where risk markets remain poised before tomorrow nights FOMC Meeting. Interestingly, the Fed Business Index fell sharply last night to a 2 year plus low, with consumer and household sentiment figures also dropped, putting more pressure on the Fed put.

The economic calendar is focused locally with the latest quarterly house price data plus RBA minutes from the previous meeting.

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