LONDON (AP) — Speculation that the U.S. Federal Reserve may announce another round of monetary easing helped stock markets rebound Tuesday after many entered official bear market territory.
A statement from the Fed is expected around 1415 EDT (1815 GMT) and hopes that it will be forced into more action helped most stocks in Europe and Wall Street post solid gains.
Investors still remained worried, however, about the consequences of the U.S. credit downgrade, Europe's debt crisis and mounting expectations of a global recession. That's evident in the continued strength of traditional safe haven assets, like gold and the Swiss franc, which have been hitting regular record highs …
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