US markets posted modest gains to open November, with the Federal Reserve in focus following their latest monetary policy meeting that saw the central bank leave interest rates unchanged as widely expected but left the door firmly open for a rate rise at their December meeting - Dow up +58-points or +0.25% and the broader S&P500 +0.16%. The NASDAQ slipped -0.17%. Markets shrugged off news that the Republicans had delayed the release of their tax reform bill by one day until Thursday, with talk that Treasury Secretary Steve Mnuchin is pushing back on plans to phase in the proposed corporate tax cuts over 5-years as he is worried about what it might do to expectations about the level of growth the plan stimulates.
