BANGKOK (AP) - Asian stock markets bounded higher today after investors got just what they wanted - big moves by the Federal Reserve to help the U.S. economy out of its funk.
The Fed is under pressure to act because the U.S. economy is still growing too slowly to reduce high unemployment. The unemployment rate has topped 8 percent every month since the recession officially ended more than three years ago.
Analysts said economy-bolstering moves by authorities in the U.S., Europe and China bode well for markets at least in the short-term.
Benchmark crude oil rose beyond $99 per barrel. The dollar fell against the euro and rose against the yen.
First Coast News