Asian Equities Higher after Yellen Comments

Asian stocks rose for a second session on Thursday on renewed optimism over the U.S. economic recovery and as investors cheered supportive comments from Federal Reserve Chair Janet Yellen.

Activity may be subdued as many regional markets will be closed on Friday for Easter holidays.

Major U.S. averages posted 1 percent gains on Wednesday after Yellen reiterated her intention to support the recovery even as the labor market improves. Separately, the Fed’s Beige Book survey showed the U.S. economy has bounced back from a weather-related hit in recent weeks and data showed manufacturing output rising for a second straight month in March.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.