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Asian shares rise due to Yellen’s speech

February 11, 2014

Asian Shares Rise on Yellen’s Comments

  • Asians markets rallied as Yellen said she would continue Bernanke’s stimulus program. But she will gradually trim the program as she starts to see the growth in the U.S. economy.
  • Also U.S. Congress passed a bill which would suspend the country’s limit to borrow, which positively affected the markets because before during budget talks due to disagreement caused the U.S. government to shutdown which weighed down the global markets.
  • China will release their Trade Data tomorrow which will reflect how their exports are doing, analysts expect it to increase by 0.1%.

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