However after the initial shock of the Monday, market volatility has been gradually calming down and now appear to be looking forward again. That means the immediate impact of key tier one US economic data that could be a significant guiding influence on the Federal Reserve’s monetary policy decision in the coming months. The ISM Manufacturing data picked up last month and this bodes much better for growth prospects and if this trend continues today then the Fed will sit up and take notice. Overnight, Wall Street closed marginally higher, with the S&P 500 up 0.3%. Asian markets were also mixed to slightly higher ... (full story)