While you were sleeping Yellen lifts equities

Tue, 11 Feb 2014

By Margreet Dietz Feb 12 (BusinessDesk) – Stocks on both sides of the Atlantic gained as Janet Yellen, the US Federal Reserve’s new chairman, signalled continuity in the central bank’s policy and optimism about the US economic outlook. “Let me emphasise that I expect a great deal of continuity in the FOMC's approach to monetary policy,” Yellen said in the Fed’s semi-annual testimony to the House Financial Services Committee. The Fed announced a US$10 billion reduction in its monthly bond-buying programme in December, followed by another US$1...

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