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Global Markets Are Going Gangbusters

Sam RoSep 19, 2013, 13:53 IST

Scott Olson / Getty ImagesWe are witnessing a historic global stock market rally in the wake of the Federal Reserve's surprising decision to keep its foot on the monetary stimulus gas pedal.

On Wednesday, the Dow surged 0.9% to 15,676, and the S&P 500 increased 1.2% to 1,725. Both closed at all-time highs.

That was followed by a major rally in Asia.

Japan's Nikkei jumped 1.8%.
Hong Kong's Hang Seng jumped 1.8%.
Australia's S&P/ASX jumped 1.1%.

And Europe is blasting higher early in its trading session.

Britain's FTSE is up 1.4%.
France's CAC 40 is up 1.2%.
Germany's DAX is up 1.3%.
Spain's IBEX is up 1.3%.
Italy's FTSE MIB is up 1.4%.

U.S. stock market futures are pointing modestly higher.