Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.» Read More
Yellen, facing questions on the economy and rate hike, will be pressured to acknowledge an uptick in inflation and improvement in the labor market.
Asian shares traded mixed late Thursday. Domestic data lifted Australian stocks, while weaker-than-expected Chinese economic data limited gains in Shanghai.
Asian stocks were mostly higher Wednesday, boosted by overnight gains on Wall Street and unveiling of China's official 2014 GDP growth target.
Few bright sparks could be found in dour Asian stock markets on Monday.
Asian shares were mostly in the green on Tuesday, after a positive handover from the U.S. sent majority of equity markets, particularly Japanese shares, higher.
Asian equities were mostly lower on Thursday after preliminary data showed that Chinese manufacturing activity slowed to a 7-month low in February.
While dollar-yen is likely to break above 100 soon, there is skepticism over whether the pair will remain above the key psychological level.
As Australian stocks power to fresh five-year highs, analysts say the country's benchmark index is set for further gains.
China's benchmark index reversed course for a second time on Friday to close down 0.6 percent following an earlier spike of 5.6 percent that propelled the index to two-and-a-half-month highs.
Australian stocks approached their highest levels in nearly five years on Wednesday after China's trade balance swung to a surplus in April while Japan's benchmark Nikkei remained the region's out performer, extending gains to hit a fresh near five-year high.
Westpac, Australia's third-largest lender, posted a forecast-beating half-year profit on Friday, rewarding investors with a special dividend.
Australia's banks are cutting the cost of fixed-rate mortgages to their lowest in over two decades as a marked fall in funding costs and fierce competition combine to offer a glimpse of light.
Asian stocks were mostly lower on Thursday, with caution setting in ahead of a central bank policy meeting in Europe.
Wayne Swan, Treasurer of Australia says weaker third quarter growth figures shouldn't be a concern. He says the country's economic fundamentals are still strong, despite market concerns about the slowing mining boom.
Campbell Dawson, Portfolio Manager at Elstree Investment Management, says he sees headwinds for the Australian banking sector in the near term due to the impact of the mining slowdown
Mike Smith, CEO at ANZ says that the bank is continuing to invest and is becoming more productive, while learning to do more with less cost in its core franchises.