Global Indices Rise on US Delay on Syria and US GDP Upward Revision

Strong growth in the U.S. economy and signs of a delay in expected Western military strikes on Syria lifted world share markets on Thursday, but investors were on edge over potential future turmoil in the Middle East.

The American economy grew faster than expected in the second quarter, new data showed, and weekly claims for unemployment fell, bolstering the case for the Federal Reserve to begin winding down its massive economic stimulus program.

Wall Street stocks were set to gain on the data when trading opens, while the dollar extended its gains against a basket of major currencies to reach a three-week high .DXY.

But hard-hit emerging currencies in India, Brazil and Indonesia were firmer against the greenback as their central banks moved to stem capital outflows.

via Reuters

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