Ben LeBrun, Market Analyst and Commentator at CMC Markets in Sydney talked about

- No surprises from FOMC Meeting, and disappointed by lack of QE3 package. Talked about possible steps Fed could take to bolster the recovery.

- Apple's new iPhone 5 in September - whether to buy stock, depends on whether Apple can continue to innovate - no indication that they can't. Feels Apple is at a high price right now.

- Fosters rejected SAB Miller's $10 billion offer. Fosters could be holding out for a better offer. Discussed Asahi Breweries and AnHeuser-Busch InBev, who are possible contenders to bid for Fosters.

- Woodside Petroleum may become a more attractive target for BHP Billiton if its shares remain "depressed" (Credit Suisse)

Ends with bargain opportunities on the S&P ASX 200. Names Atlas Iron as a stock to watch.