The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation.
Asian markets are trading higher after Chair Janet Yellen said US interest rate hikes are likely on the way, held back any reference to the timing.
Japan's Nikkei 225 was up 0.36%, while China's Shanghai Composite is in the red. South Korea’s Kospi index is at 2,004.14 points (up 0.91%) and Indonesia’s Jakarta Composite is at 4,927.82 points (up 0.65%).
Taiwan’s Taiex at 8,657.43 points (up 0.0.70%), Singapore’s Straits Times at 2,841.15 points (up 0.35%), Hong Kong’s Hang Seng at 21,183.82 points (up 0.73%), Thailand’s SET Composite at 1,449.17 points (up 0.40%) and Singapore Nifty at 8,271 points (up 0.44%).
The S&P 500 closed at a 7-month high as Federal Reserve Chair Janet Yellen gave upbeat picture of the economy.
The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation. The Dow Jones closed up 113.27 points, or 0.64 per cent, to 17,920.33, while the S&P 500 gained 10.28 points, or 0.49 per cent, to 2,109.41, its highest close in seven months.The Nasdaq Composite added 26.20 points, or 0.53 per cent, to 4,968.71.
Brent futures hit a seven-month high of $50.83 per barrel on Monday before easing a tad to $50.44 in early Tuesday. US West Texas Intermediate (WTI) crude stood little changed in early Asia at $49.63 per barrel, after having gained 2.2 per cent on Monday, its largest gain in three weeks.
The Australian market is extending gains from the previous session, buoyed by the positive cues overnight from Wall Street and higher commodity prices.
Japan's Nikkei 225 was up 0.36%, while China's Shanghai Composite is in the red. South Korea’s Kospi index is at 2,004.14 points (up 0.91%) and Indonesia’s Jakarta Composite is at 4,927.82 points (up 0.65%).
Taiwan’s Taiex at 8,657.43 points (up 0.0.70%), Singapore’s Straits Times at 2,841.15 points (up 0.35%), Hong Kong’s Hang Seng at 21,183.82 points (up 0.73%), Thailand’s SET Composite at 1,449.17 points (up 0.40%) and Singapore Nifty at 8,271 points (up 0.44%).
The S&P 500 closed at a 7-month high as Federal Reserve Chair Janet Yellen gave upbeat picture of the economy.
The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation. The Dow Jones closed up 113.27 points, or 0.64 per cent, to 17,920.33, while the S&P 500 gained 10.28 points, or 0.49 per cent, to 2,109.41, its highest close in seven months.The Nasdaq Composite added 26.20 points, or 0.53 per cent, to 4,968.71.
Brent futures hit a seven-month high of $50.83 per barrel on Monday before easing a tad to $50.44 in early Tuesday. US West Texas Intermediate (WTI) crude stood little changed in early Asia at $49.63 per barrel, after having gained 2.2 per cent on Monday, its largest gain in three weeks.
The Australian market is extending gains from the previous session, buoyed by the positive cues overnight from Wall Street and higher commodity prices.
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