Discussing the employment report and the chances the Fed will taper in two weeks, with Alison Deans, Varick Asset Management senior adviser; Michael Feroli, J.P. Morgan Bank chief U.S. economist; and CNBC's Steve Liesman.» Read More
TOKYO, Nov 14- The Nikkei stock average surged almost 3 percent to a near six-month high on Thursday afternoon, extending gains after comments by Finance Minister Taro Aso on currency intervention sparked fresh buying.
SINGAPORE/ SYDNEY, Nov 14- The dollar held steady versus a basket of currencies on Thursday, struggling to gain traction after dovish comments from Fed chairman nominee Janet Yellen suggested the Fed may not be close to scaling back its stimulus.
Janet Yellen, nominated as the next Federal Reserve chair, heads to Capitol Hill on Thursday. Here's what her testimony could mean for the U.S. dollar.
*Nikkei hits 3- week high, Asia ex- Japan shares off 6- week low. TOKYO, Nov 14- Asian stocks bounced from six-week lows on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen's dovish comments which suggested the U.S. economy could count on stimulus support for a longer period than markets anticipate.
*Coming up: Yellen speech to Senate at 1500 GMT; EIA stockpile data at 1600 GMT. In prepared comments to be delivered to a Senate committee hearing later on Thursday, Janet Yellen, who is poised to be the next head of the Fed, said she thought the U.S. central bank had more work to do to aid the economy.
TOKYO, Nov 14- The Nikkei share average raced to a three-week high on Thursday morning, supported by dovish comments from Federal Reserve Vice Chair Janet Yellen and data showing the Japanese economy notched up its fourth straight quarter of growth.
SINGAPORE, Nov 14- London copper rebounded on Wednesday from three-month lows touched the session before after dovish comments by Federal Reserve Vice Chair Janet Yellen soothed concerns the United States could begin tapering its huge bond-buying programme this year.
Discussing how Janet Yellen's testimony for Fed chair will impact the markets, with Andy Cross, The Motley Fool, and Michael Farr, Farr Miller and Washington.
The drop came even after Janet Yellen, who is poised to be the next head of the Federal Reserve, said she thinks the U.S. central bank has more work to do to aid the economy.
SINGAPORE, Nov 14- Gold extended gains into a second session on Thursday after Janet Yellen, likely the next chair of the Federal Reserve, indicated the U.S. central bank would continue to support the economy through its stimulus measures.
TOKYO, Nov 14- Asian share markets were set to bounce on Thursday after Federal Reserve Vice Chair Janet Yellen said the Fed has "more work to do" to help the economy, spurring U.S. stocks higher and putting the dollar on the defensive.
SYDNEY, Nov 14- Investors made short shrift of the dollar early in Asia on Thursday after dovish comments from Fed Chairman-elect Janet Yellen suggested the U.S. central bank might not be near scaling back its stimulus, sending Treasury yields lower.
Fed Vice Chair Janet Yellen will likely stick to a tight script when she appears on Capitol Hill, but her comments could still make waves in markets.
NEW YORK, Nov 13- U.S. In remarks prepared for delivery to the U.S. Senate Banking Committee on Thursday, Yellen said the U.S. central bank has "more work to do" to help an economy and a labor market that are still underperforming. Yellen, the Fed's vice chair, has been nominated by President Barack Obama to succeed Chairman Ben Bernanke when his term expires in January.
*Sterling spikes after Bank of England report, UK jobs data. NEW YORK, Nov 13- The dollar dropped in late trading on Wednesday after Federal Reserve Vice Chair Janet Yellen said the U.S. economy was performing "far short" of potential, suggesting the central bank is in no rush to withdraw its stimulus.
WASHINGTON, Nov 13- Janet Yellen, President Barack Obama's nominee to chair the Federal Reserve, said the U.S. central bank has "more work to do" to help an economy and labor market that are still underperforming.
Jon Hilsenrath, The Wall Street Journal, says Janet Yellen is playing down any policy implications of her testimony set for Thursday. She's not trying to deliver a policy signal, says Hilsenrath. Rather, she's there to get confirmed.
NEW YORK, Nov 13- The Dow and the S&P 500 ended at record highs on Wednesday, driven by gains in consumer discretionary shares after results from Macy's eased some worries about the holiday season.
*Wall Street stocks gain on prospects for accommodative Fed. *Treasury yields ease before Yellen's Senate Banking Committee appearance.
Federal Reserve Vice Chair Janet Yellen prepared the following opening remarks for Thursday's hearing before the Senate Banking Committee, which released her remarks on Wednesday. President Barack Obama has nominated Yellen to lead the U.S. central bank when current Fed Chairman Ben Bernanke's term ends in January.