Global markets have not been affected by the possibility of rising U.S. interest rates. Japan and the Nasdaq in the U.S. are gaining, so that's creating a positive flow.

Looking at it with a cool head, the Fed's comments are not that unexpected.

A correction was inevitable given the market is facing three clear near-term risks: weak first-quarter results, a worsening foreign exchange outlook, and the uncertainty about U.S. interest rates.

The biggest impact in today's trade is coming from the reduced worries about U.S. interest rates seen in U.S. markets yesterday.