World stocks gain as Fed signals easier policy (AP)

Tokyo money traders work under a currency rate indicator showing Japanese yen is traded 81.80-85 yen against the U.S. dollar at one moment Tuesday afternoon, Oct. 12, 2010. The dollar fell to 81.92 yen from its New York close of 82.16 yen but was off a fresh 15-year low of 81.37 yen in Sydney late Monday, nearing its post World War II low of 79.75 yen set in 1995. (AP Photo/Kyodo News) ** JAPAN OUT, MANDATORY CREDIT, FOR COMMERCIAL USE ONLY IN NORTH AMERICA **AP – World stocks surged Wednesday after JPMorgan Chase & Co. and Intel Corp. reported solid earnings and the Federal Reserve signaled it will likely ease monetary policy further at its next rate-setting meeting in November.

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