The Federal Reserve's trillion-dollar effort to shore up the U.S. economy is likely to come to an end in October, closing the books on a bold but controversial experiment that has tested the limits of the central bank's power.
... * Asia up as Wall St rises with Fed in no hurry to end QE. * Dollar on defensive against euro, yen on lower yields. * Focus on China trade data at 0200 GMT.
... * Brent at 1-month low as Libyan supply returns; WTI falls the most since late May * Fed minutes seen as confirmation of strong U.S.
Chinese stocks fluctuated after the release of trade data for June. Drugmakers rose and banks fell. The Shanghai Composite Index (SHCOMP) was little changed at 2,038.32 at 10:29 a.m.
You'd expect capitalists in the world's top capitalist nation to educate their kids about the ABC's of capitalism. Turns out American capitalists aren't doing that.