Asian and European shares have mostly fallen after the Fed said that, as expected, it would reduce its bond-buying by another $10B a month to $65B. What was notable was that the Fed made no mention of the turmoil in emerging markets in its statement.
The mood today has not been helped by confirmation that Chinese manufacturing activity contracted this month.
Asian stocks had mainly risen yesterday following sharp rate hikes in Turkey, which had sent other regions higher before the effect wore off during the day.
Japan -2.5%, Hong Kong -0.5%, China -0.8%, India -0.8%.
EU Stoxx 50 -0.4%, London -0.6%, Paris -0.4%, Frankfurt -0.5%, Milan +0.3%, Madrid -0.15%.
U.S. stock futures are up after Wall Street suffered notable losses yesterday: Dow +0.2%. S&P +0.2%. Nasdaq +0.2%
The dollar index is +0.35%.