The local share market has enjoyed its best day in seven months after the US Federal Reserve stuck with its predictions for rate cuts this year - even as a hot domestic jobs report suggested Australia won’t cut rates anytime soon.
The benchmark S&P/ASX200 index on March 21 finished up 86.2 points or 1.12 per cent, to a 13-day high of 7,782.0, while the broader All Ordinaries rose 90.1 points, or 1.13 per cent, to 8,044.6.
