Australian Share Market

Australia: While the decision itself was not a surprise, the Fed softly-softly tone now has markets pricing in less than a 50 per cent chance of it raising rates this year, according to Australian Broadcasting Corporation. Initially that boosted US shares, but then they gave up ground to close a little lower. Related Story: US stocks slide after Fed keeps rates on hold Map: Australia The Australian share market was sent on a rollercoaster ride as investors tried to make sense of the Federal Reserve decision to leave US interest rates at zero. Australian stocks had the opposite response, falling almost 1 per cent at one point, before being up by almost that amount. The broader All Ordinaries had a similar 23-point gain to 5,194. In the end, the benchmark ASX 200 index closed 0.5 per cent higher at 5,171. (news.financializer.com). As reported in the news.