The Opening Bell || ASX 200 Sets Record High On Economic Growth Optimism

• The US stock market seesawed while global equities markets rallied ahead of a closely watched Federal Reserve report that will glean insights into how companies are coping with rebounding consumer demand. 

• Wall Street inched higher at the open only to erase most of the gains near midday trading. The Dow Jones gained 0.07 per cent, to 34,600.38, while the S&P 500 gained 0.14 per cent, to 4,208.12. NASDAQ Composite was up 0.14 per cent, to 13,756.33. 

• Moving on, the US dollar traded almost flat on Wednesday in a choppy trading session, after backing off of an almost five-month low versus major peers, as market participants waited for employment data later in the week to get a clearer picture of the state of the US economic recovery. 

• Treasury yields traded modestly lower on Wednesday morning, between a tight range as market participants held off from making big moves ahead of private payrolls data on Thursday and the monthly federal jobs report on Friday. 

• WTI crude rose 1.61 per cent to US$68.81 a barrel, while Brent crude was up by 1.52 per cent, at US$71.32, on Wednesday.

• A huge surge in iron ore price seems to be a catalyst for iron ore miners today. Heavyweight miners such as Fortescue Metals Group, Rio Tinto and BHP Group will be closely eyed today. 

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