15 Sep 2012

World stock markets rise after Fed move

1:37 pm on 15 September 2012

Global stock markets have risen after the US Federal Reserve moved to pump more money into the economy.

The Paris market rose 2.3%, while UK and German indexes closed up 1.5%. Wall Street ended the day 0.4% higher.

It followed the Fed's decision on Thursday to inject $40bn (£25bn) a month into the US economy.

The BBC reports fears over the global economy persisted as the International Monetary Fund and European Central Bank denied they were in bailout talks with Spain.

Eurogroup finance ministers are meeting in Nicosia in Cyprus for talks on measures to end the current eurozone debt crisis.