Tuesday, 7 June 2016

Asian Market Update : Epic Research Malaysia

Asian stock markets mostly rose for a third straight trading day Tuesday after Federal Reserve boss Janet Yellen said the US economy was still in good shape and that any increase in borrowing costs would be slow and low.

After Friday's well-below-forecast US jobs report raised worries about the country's growth - and sent the dollar and Wall Street tumbling - Ms Yellen said that while they were "concerning" she was still upbeat about the outlook.

Her closely watched speech urged markets not to "attach too much significance to any single monthly report", adding that the overall jobs market was "quite positive".

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