Stocks in Japan and South Korea opened higher on Wednesday, helped by an overnight rally on Wall Street.
"We believe that the Fed will withdraw from bond purchases in a gradual manner while not triggering a sharp surge in bond yields," Edmund Shing, the head of European equity strategy at Barclays Capital said.
Asian stocks rose on Tuesday but gains were limited as investors worried higher energy prices could stunt the global economic recovery.
Anti-poverty campaigners the World Development Movement argue that banks and hedge funds are helping to drive up the price of food to record levels through "reckless speculation on basic foods such as wheat and sugar."
When I was an undergraduate studying economics, our political economy teacher used to ask us just how many different types of deodorant society needed.
Commerce Secretary Gary Locke is about to be made ambassador to China, according to numerous press reports. The move is indicative of the importance placed on Chinese relations by the White House and should be seen as a promotion for Locke.