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The ASX200 is eyeing a lift of 0.5% at the open.
U.S. stocks rose to new record highs overnight after the U.S. central bank upgraded its outlook for the American economy next year. The Federal Reserve now expects growth of 4.2% next year and for the unemployment rate to drop to 5%. The Fed also committed to buying $120 billion in bonds each month until full employment is reached.
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