Dow Jones Futures: Market Rally Takes Earnings, Fed News In Stride; Facebook, PayPal, Ford Key Movers Late

Leading stocks led a mixed market rally amid big earnings and the Fed meeting. Facebook, PayPal and Ford are key movers late. Read More...


Chinese stocks in tentative bounce, Fed in no hurry to taper

Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares. There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted to move ahead on the $1.2 trillion deal. “The message is that profit has not become a dirty word in the Chinese system of ‘Socialism with Chinese characteristics’, only in certain sectors,” said Ray Attrill, head of FX strategy at NAB.

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