The Importance of Local Market Performance

S&P ASX 200 finished the day up 0.4% to 7335 points. Utilities, energy and health care stocks did best tech stocks were among the worst. Investors believe Reserve Bank won't lift interest rates when it meets today. In fact, they've priced in just a 9% chance of a high. This way also, the US Federal Reserve meets. It's expected to lift the benchmark rate. Similarly, the European Central Bank is expected to lift its benchmark rate.