Fed sends Australian shares surging to best day in 18 months

By Max Mason
Updated December 20 2014 - 9:08am, first published December 19 2014 - 4:50pm
Australian shares have had a Fed-fuelled Christmas rally.
Australian shares have had a Fed-fuelled Christmas rally.

The United States Federal Reserve's appeasement of both interest rate doves and hawks has sent global sharemarkets into a frenzy, with the Australian index recording its strongest single day in a year and a half.