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Asian markets surge after Fed statement

Published 01/28/2010, 02:57 AM
NDX
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UK100
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Asian markets surged on Thursday after the U.S. Federal Reserve suggested late Wednesday that the world’s largest economy was improving.  

The Shanghai Composite Index climbed 0.25%, Hong Kong's Hang Seng Index was up 1.38% and Japan’s Nikkei 225 Index rose 1.58%.  

Australia's S&P/ASX 200 also climbed 0.62% and South Korea's Kospi Composite Index gained 0.25%.  

The outlook for European markets, meanwhile, was rosy as France’s CAC 40 futures indicated a rise of 1.36%; Germany's DAX futures pointed to an increase of 1.31%; EURO STOXX 50 futures indicated a jump of 1.68%; and Britain's FTSE 100 futures pointed to a rise of 1.01%.  

U.S. markets also had a favorable outlook, as Dow Jones industrial average futures indicated a rise of 0.47%, S&P 500 index futures pointed to an increase of 0.56% and Nasdaq 100 futures indicated a rise of 0.05%.

 

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