Latest Business News: Global Markets Rise on Bernanke Stimulus Promise

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Latest Business News: Global Markets Rise on Bernanke Stimulus Promise

by Wochit 0:51 mins

Latest Business News: Global Markets Rise on Bernanke Stimulus Promise

by Wochit 0:51 mins

Global stocks rose after Federal Reserve chairman Ben Bernanke promised to continue to stimulate the U.S. economy. The Fed has been buying $85 billion of financial assets a month to keep interest rates low and encourage borrowing and spending. That stimulus has driven global stocks higher, so the prospect of reducing it caused market volatility in recent weeks. U.S. stock futures are jumping after Federal Reserve Chairman Ben Bernanke said the central bank would keep supporting the economy. EasyJet said a majority of its shareholders had backed the plan to buy 135 new Airbus planes, defeating a move by the group's estranged founder to block the deal.

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