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Global Stocks: Wall Street rallies
U.S. markets were rallying on Thursday again after the FED's statement. The DOW JONES added +2.43% closing at 17,778.15 points, the S&P 500 rallied +2.40 with a final quote of 2,061.23. Upbeat data on Initial Jobless Claims showed 289,000 people filing for jobless benefits. 6,000 less than previously and below expectations of 297,000 new applications. The Philadelphia Fed Manufacturing Survey being below estimates at 24.5 compared to 26.3 and 40.8 in October could not harm the bullish sentiment. It was the Wall Street's biggest two-day advance since 2011.
Hong Kong's Hang Seng added +1.35% to 23,140.34. China's Shanghai Composite closed at 3,109.69 points, a gain of +1.71% after very volatile trading. China revised up the size of its economy. Chinese GDP rose by 3.4% in 2013. Market participants still expect more economic stimulus from the PBoC.
Japan's Nikkei added +2.39% closing at 17,261.40 after the BoJ's decision to leave interest rates at the current level, continuing the stimulus program and giving a brighter view of the economy.
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