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Premarket: Global rally fails to cheer subdued U.S. futures Add to ...

Stocks around the world followed Wall Street's lead, waltzing higher after the U.S. Federal Reserve promised to maintain low interest rates for another two years.

But a day after the announcement, U.S. investors appeared to be reconsidering their reaction. Dow Jones stock futures dipped 40 points, or 0.4 per cent, to 11,154, while S&P 500 futures slipped 3.7 points, or 0.3 per cent, to 1,168. On Tuesday, U.S. stocks posted their biggest one-day surge since the market selloff began in July.

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In Europe, the DAX surged 2.1 per cent, the FTSE 100 rose 1 per cent, the CAC 40 edged 0.6 per cent higher. In Asia, the Nikkei rose 1.1 per cent and the Hang Seng leapt 2.3 per cent.

The Canadian dollar, which dipped briefly below parity against the greenback on Tuesday, was trading at $1.02 (U.S.).

Oil rose above $82 a barrel, with benchmark oil for September delivery up $2.98 to $82.28.

Three-month copper on the London Metal Exchange climbed 1.5 percent to $8,840 a tonne, after losing 0.6 percent in the last session.

Gold gained as well, up 1.1 per cent at $1762.10 an ounce. It hit a peak of $1,778.29 on Tuesday and has rallied about 6 per cent so far this week.

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