BANGKOK (AP) — The U.S. Federal reserve's unexpected decision to continue its current levels of bond buying to stimulate the economy has sent international stock markets surging today.
Markets in South Korea and mainland China were closed for public holidays but the other Asian closed higher. European shares rose in early trading and Wall Street appears set for opening bell gains, based on futures trading.
Not even dour data out of Japan showing a swelling trade deficit could dampen the rally sparked by the Fed's decision to keep in place its $85 billion in monthly bond purchases, part of its "quantitative easing" approach of pumping money into the financial system. Japan's Nikkei shot up 1.8 percent.
Benchmark crude oil rose and remains above $108 per barrel. The dollar gained against the yen and fell against the euro.