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And the US Dollar Bounces Back, While BOE is in Focus
The Federal Reserve announced tapering and, like the Reserve Bank of Australia earlier in the week, did not validate expectations for an aggressive rate hike. Now the focus is on the Bank of England, where several officials seemed to goad the market into lifting short-term rates. The S&P 500 and NASDAQ rallied to new record highs yesterday and helped raise global shares today. Among the large markets in the Asia Pacific region, only Taiwan and India did not participate in today's dance. In Europe, the Stoxx 600 is extending its advance for the sixth consecutive session and nine of the past ten. US futures are ... (full story)