Mixed leads point to flat start The Australian market looks set to for a tepid start as Wall Street finished flat amid data showed second-quarter US gross domestic product grew better than had been expected. Here's what you need2know: SPI futures down 1 point AUD fetching 89.90 US cents, 88.05 yen, 67.59 euro cents, 59.11 pence In Europe, Eurostoxx +0.3, FTSE100 +0.8%, DAX +0.1% and CAC +0.2% On Wall Street, Dow Jones -0.1%, S&P500 flat Iron ore down to $US129.90 per tonne Gold down to $US1324.10 an ounce Oil up to $US105.17 per barrell Meanwhile, the Federal Reserve's Federal Open Market Committee (FOMC) concluded a two-day meeting saying economic growth was at a ""modest"" pace and pledging to maintain its aggressive bond-buying program. The September share price index futures contract was up one point at 5011. World markets The S&P 500 ended a volatile session nearly flat after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. But the index finished July up 5 per cent to mark its best month since January. The Dow Jones industrial average fell 21.05 points or 0.14 per cent, to finish unofficially at 15,499.54 - well off a record intraday high of 15,634.32. The S&P 500 dipped 0.24 of a point, or 0.01 per cent, to end unofficially at 1,685.72. The Nasdaq Composite added 9.90 points or 0.27 per cent, to close unofficially at 3,626.37. The FTSE 100 rallied as the quickening pace of the global economy's heartbeat revived confidence that economic recovery can be sustained even if stimulus is withdrawn. Heavyweight stocks led the charge on London's blue chip index , which closed up 50.11 points or 0.8 per cent at 6,621.06, although off the session high of 6,65.35 with the Federal Reserve's post-policy meeting announcement due late on Wednesday, which could derail the rally. Japan's Nikkei share average fell, as caution about the outcome of a US Federal Reserve policy meeting sidelined investors, while some companies' results disappointed the market, such as Fuji Heavy Industries. The benchmark Nikkei declined 1.5 per cent to 13,668.32, and the broader Topix fell 1.5 per cent to 1,131.70. The Nikkei shed 0.1 per cent in July, falling for a third month. Gold rose in choppy trading, erasing earlier losses after the US Federal Reserve offered no indication it plans to slow its bond buying program at its meeting in September. Spot gold was up 0.1 per cent at $US1,327.60 an ounce by at 3:06 p.m. It traded as low as $US1,305.30, the weakest in more than a week, earlier in the day. US gold futures for August delivery settled down $US11.60 at $US1,312.40 an ounce, with trading volume in line with its 30-day average, preliminary Reuters data showed. The premium of Brent crude oil to US crude oil futures remained steady, while US oil prices rose on positive economic data and Brent was mostly flat as traders weighed supply dynamics. Front-month Brent crude oil futures were settled at $US107.70, up 79 cents, on track for their biggest monthly gain since August 2012. US crude oil futures settled $US1.95 higher at $US105.03, headed for a 9 per cent monthly rise, the biggest in 11 months. BusinessDay with wires