Stocks rise as Fed tapers without the tantrum – Reuters

Stocks rise as Fed tapers without the tantrum – Reuters

SYDNEY, Nov 4 (Reuters) - Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields.

Anxious eyes now turn to the Bank of England which may kick off a rate hike cycle later in the day with uncertain implications for debt markets globally.

For now, equity investors were content that the Fed was in no rush to remove the policy punch bowl and Nasdaq futures added 0.3% to another record high. If sustained, it would be the ninth straight session of gains.