Thursday, 3 December 2015

ASIAN MARKET NEWS 04 DECEMBER 2015

Overnight, Fed chair Janet Yellen said in a testimony before Congress that economic data since October backs the central bank's expectations of an improved job market. She added the bank will need to be cautious about raising rates form near zero, but added that - even after an initial increase - Fed funds rates would remain accommodative.
The Dow Jones Industrial Average ended 252 points or 1.42 percent lower at 17,478 while the S&P 500 was down 30 points or 1.44 percent at 2,049. The Nasdaq was down 86 points or 1.7 percent at 5,038. 

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