US markets expected to surge higher as markets are inflated by Bernanke's dovish comments

US markets are expected to rip higher in just over an hour after Federal Reserve chairman Ben Bernanke's dovish comments have sent Asian markets up with the Shanghai Composite seeing its highest daily gains since 14 December of 3.2 per cent.

European markets are also doing well, with the FTSE up 0.6 per cent, and the DAX and CAC40 higher at 1.2 per cent and one per cent respectively.

We have some reaction to Bernanke's comments here.