US equities gained Friday as bond yields fell after US jobs data, which showed signs of slowing growth and an uptick in unemployment.

ASX 200 is up 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks

ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.

US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and a low of +175 points. The S&P 500 posted its fourth consecutive gain and its biggest one-day percentage gain since April, up 1.89%.

The Fed have fired the Starters Gun – We are back in the market after 120 days in cash

Fed Meeting lights up interest rate hopes and the market

ASX 200 up 83 points in response to the Fed Meeting. Will it hold and build, or flop and drop. Stay tuned.