News > Global stocks rise as Fed tapers without tantrums, BoE takes the stage

Global stocks rise as Fed tapers without tantrums, BoE takes the stage

Business Standard | 04/11/2021 05:36 PM | Click to read full article

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.

"Remember that tapering is not tightening," said Kerry Craig, global market strategist at J.P. Morgan Asset Management, noting the Fed's balance sheet would still expand by around $400 billion over the next eight months.