The Fed played it straight overnight, announcing tapering but not doing anything to upset the apple cart. US markets rallied from weakness prior to the announcement to close higher for a fourth consecutive session. Get up to speed with Henry's morning update. 

• ASX 200 SPI Futures up 37
• US markets records across the board.
• Fed starts taper but still dovish.
• Iron ore up 3.3% Coal heads higher in China
• Gold and oil fall.

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