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World Markets Rallying After Fed Signals the Party’s Not Over Yet

Posted September 22, 2016

Under Economic Issues


(Marc Jones – Reuters)

Wall Street has record highs back in its sights today as world shares and bonds rallied after the Federal Reserve signaled an increasingly cautious approach to future U.S. rate increases.

European markets followed Asia’s lead, with Britain’s FTSE 100 climbing 1.3 per cent and Germany’s DAX and France’s CAC 40 both jumping almost 2 per cent ahead of what was expected to be a third day of gains in New York.

Oil and commodities firms gained the most as oil and metal prices rose, while a weakened dollar made the climbing easy for the euro, pound and Swiss franc. Click here to read more.

Related: Why Some U.S. Fed Votes Are More Equal Than Others (Associated Press)