The Fed gave U.S. markets a perfect pre-Thanksgiving tonic on Wednesday, which should keep risk appetite bubbling along nicely in Asia on Thursday.
Markets welcomed this with open arms. The Nasdaq rallied 1 per cent, the S&P 500 rose further above the 4000 mark to hit a two and a half month high and the Dow reached its highest level since April.In a clear sign that investors are firmly in 'risk on' mode, the VIX - Wall Street's 'fear index' of implied volatility - fell for a sixth straight day to a three-month low just above the long-run average of 20.0.
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