Stock markets higher after US Fed pledge

Asian stocks have rallied in early trading on Wednesday from their downward trend earlier in the week after the US promised to keep interest rates near the zero level “at least through to mid-2013.”

Europe's stock markets also opened higher after overnight increases on Wall Street and Asian markets, which saw the Hong Kong rebound with a rise of 3.27 percent while Tokyo climbed 1.11 percent.

Global stock markets have been plummeting since early August following an unprecedented US downgrade.
The FTSE 100 index gained 1.7 percent, Frankfurt's DAX jumped 2.2 percent and Paris's CAC-40 increased by 1.9 percent.

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *