Connect to share and comment

BOK vows to stabilize market amid Fed's tapering uncertainty

SEOUL, Oct. 4 (Yonhap) -- South Korea's central bank said Friday it plans to aggressively pursue measures to stabilize the financial market, if speculation over U.S. monetary stimulus reduction increases market jitters. Uncertainty over the timing of the Federal Reserve's stimulus cut has grown as the U.S. central bank surprised the market last month by deciding to delay tapering its US$85 billion monthly bond-buying stimulus program.

GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities

* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.
Syndicate content