Markets traded sideways in what was a wait and see mode ahead of Apple’s results after the bell and the FOMC decision later this evening at 7.00 pm. US equities ended the day marginally in positive territory with technology share leading the way while the automobile sector underperformed following another disappointing sales update. The latter appears to have been a factor for the move lower in US Treasury yields with the fall in oil prices and Trump’s tweeting complains on the US political gridlock also contributing to Treasuries performance. Lower US yields have seen the US dollar underperform most G10 currencies with the New Zealand dollar close to the top of the leader board helped by a better than expected dairy auction. News on Apple’s Earning Report came in weaker than expected with revenue and iphone sales slightly missing expectations, although EPS of $2.10, beat analyst expectations of $2.02. Apple shares have fallen over 2% after hours and could set the tone when US markets open again this afternoon.