Global markets rally on US Federal Reserve's economic stimulus.

(From Guardian Unlimited)

Stock markets around the world rallied after the US Federal Reserve said US interest rates would be frozen for the next two years, and hinted at more economic stimulus to stave off a global recession.

The FTSE 100 in London climbed 64 points to 5229 in early trading, up 1.25%, This added to Tuesday's gains, when the index rose 96 points or 1.9%, its first increase in eight days, in anticipation of Fed measures designed to prevent the US economy sliding back into recession. The Dow Jones industrial average surged nearly 430 points to 11239.77, a gain of almost 4%, on Tuesday, a day after suffering its worst point decline since 2008.

…