Markets rise as analysts see Fed's dovish turn as “here to stay”

Markets mostly rose on Thursday.

The S&P 500 rose 1.1 percent and the Nikkei 225 rose 0.2 percent but the STOXX Europe 600 was flat.

The Federal Reserve's decision to leave interest rates unchanged and indication that they will likely remain unchanged for the rest of the year continued to be a focus of attention.

“U.S. data this morning was strong and will like [sic] fuel the fire that is questioning the Fed’s dovish commitment,” said Edward Moya, market analyst with Oanda.

In the meantime, though, that dovish turn appears to be fuelling the rally in markets.

“After this week's Fed meeting, it is clear that the dovish turn is here to stay, and this should be a sustained tailwind for risky assets,” said Marko Kolanovic, global head of quantitative and derivatives strategy at JP Morgan.