Market Highlights: ASX to rise as Fed, RBA headline a big week for central banks

Aussie shares are set to open higher on Monday, tracking gains on Wall St. The ASX 200 Dec futures contract was pointing up by 1.4% at 8am AEST. On Friday, Tech led a big rally in New York as all three major US indices finished around 2.5% higher. On Tuesday, the RBA and US Fed are scheduled to make their call on rates while the Bank of England will make its call on Thursday. The consensus is for the Fed to hike by 75bp again, while RBA is tipped to raise its cash rate by 50bp (from 25bp last month) The RBA will be forced to make that call after the surprising September quarter CPI that rose to a 32-year high of 7. . . .