Economy News Headlines - Yahoo! News: Asian shares rise on global recovery as Fed fears ease

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

Asian shares rise on global recovery as Fed fears ease Jun 27th 2013, 00:47 By Chikako Mogi TOKYO (Reuters) - Asian shares extended gains on Thursday, buoyed by rising global equities overnight on expectations the U.S. Federal Reserve will not rush to end its stimulus program, but investor caution over Chinese markets capped the upside. The dollar rose and global equity markets advanced for a second day on Wednesday after a surprisingly sharp downward revision to first-quarter U.S. economic growth eased fears that the Fed would soon wind down its bond-buying scheme which has underpinned investor risk appetite. ... Media files: 2013-06-26T171639Z_14_CBRE95N173400_RTROPTP_2_CBUSINESS-US-MARKETS-GLOBAL.JPG (image/jpeg)

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