All three major US indexes were up almost 2 per cent on Thursday. Photograph: Lucas Jackson/Reuters

Stock markets around the world rallied on Thursday and crude oil rebounded after strong US economic data and hints from a Federal Reserve policymake(...)

In his twice-yearly report to Congress on monetary policy, US Federal Reserve chairman Ben Bernanke  said the Fed’s bond- buying programme would cease by mid-2014, but stressed the plan was not set in stone. Photograph: Pete Marovich/Bloomberg

US Federal Reserve chairman Ben Bernanke gave a modest boost to stock markets around the world yesterday, by reassuring that the US central bank’s mon(...)