BEIJING (AP) — Asian stocks rose Thursday for a second day after Wall Street gained on expectations U.S. interest rates will stay low.
"Global markets will probably still have to contend with more Fed tightening this year," said Julian Jessop of Capital Economics in a report.
[...] traders were reassured following suggestions by other Fed officials that the central bank should consider possible earlier rate hikes.
No one can really give an answer at the moment; but one thing for sure is that Yellen's re-affirmed dovish stance gave the market sufficient comfort and room to breathe, said Margaret Yang Yan of CMC Markets in a report.
Benchmark U.S. crude fell 32 cents to $38.00 per barrel in electronic trading on the New York Mercantile Exchange.
