Shares Bolstered by Optimistic Fed Outlook, Caveats Remain

Stocks closed higher after Fed Reserve minutes confirmed a brighter U.S. economic outlook albeit with the caveats around the domestic housing outlook.
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Stocks closed higher after Fed Reserve minutes confirmed a brighter economic outlook albeit with the caveats of concern around the domestic housing outlook, Chinese growth and the Ukraine crisis. Financials also put in a stronger showing, with some traders predicting they have hit their bottom. Russia struck a $400 billion, 30-year deal to supply China with natural gas through a new pipeline. Russia is turning to China, amid rising tensions with the U.S. and European Union due to the Ukraine crisis - a development traders say could have wide-reaching implications for global markets. Jane Searle reports.