by Martin Armstrong
Armstrong Economics
The constructive comments provided by Fed Chair Janette Yellen last evening certainly helped Asian equities today. The Hang Seng performed best recording a 1.4% gain on the day whilst the main China Index managed just 0.1% gain which was a relief having spent the majority of the day in negative territory. The Nikkei saw a whipping session but did close 0.6% better eventually. In late US trading we have seen additional 0.3% gains for both the Nikkei and China index futures. Also overnight the Reserve Bank of India kept rates unchanged as did the Reserve Bank of Australia.