[IMG]https://s1.yimg.com/bt/api/res/1.2/DqWyevPRUmjbfdh9XudyVw--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-AE_XE/News/AFPEco**micEn/ab5d292efeb5cffff80e3cbf679f1c22975c46b9.jpg[/IMG]Asian stocks joined a
global rally Thursday with a surge in oil prices providing some much-needed confidence as key producer Iran praised an output freeze by Saudi Arabia and Russia. A pick-up in Chinese inflation also provided support to beleaguered markets, while minutes from the Federal Reserve's latest policy meeting indicated the bank is unlikely to press on with further interest rate cuts any time soon. Oil prices jumped Wednesday after Iranian oil minister Bijan Zanganeh welcomed the pact between top two producers Russia and Saudi Arabia to pursue a coordinated strategy to limit output.
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02-18-2016, 08:56 AM
Asian markets track global rally as oil climbs
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