BEIJING – Global stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S.
central bank is in no hurry to withdraw support for the economy. London and Frankfurt rose in early trading. Shanghai, Tokyo, Hong Kong and Seoul closed higher.
U.S. futures were mixed. Overnight, Wall Street hit a new high after chairman Jerome Powell said the Fed sees no sign inflation might rise out of control.
That helped to dampen fears sparked by a rise in U.S. Treasury bond yields, an indicator of inflation sentiment, that rising price pressure might lead the Fed to raise interest rates. "Powell has again been pouring oil on troubled markets," said Robert Carnell of ING in a report. “But the Fed still has communication