Good article from commodities point of view, after all the...

Good article from commodities point of view, after all the downs.....Asian stock futures Point to gains as Commodities in Bull Market - Bloomberg


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Stocks across Asia were poised to gain after Federal Reserve Chair Janet Yellen reiterated her intention to raise interest rates only gradually once the U.S. economy improves. Japan’s yen held declines, while commodities climbed into a bull market.
Futures in Japan, South Korea, Australia and Hong Kong all rose after the S&P 500 closed at the highest level since November. Asian raw-material producers may appreciate as the Bloomberg Commodity Index capped a 20 percent rally from its January low. The yen held at 107.58 per dollar after falling the most in a month Monday.
The Fed Chair reaffirmed an outlook for gradual tightening, saying the positives in the U.S. economy outweigh the negatives, without specifying any precise timing. The odds for an increase by July fell to 22 percent after rising past 50 percent last week. Central banks in Australia and India are due to announce monetary policy decisions Tuesday, while Taiwan and the Philippines release inflation data.

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Yellen “still thinks that policy will need to tighten gradually over time, but she backed away from her previous guidance that a rate increase would likely be appropriate over coming months,” said Jason Wong, a currency strategist at Bank of New Zealand in Wellington. “A June rate hike is effectively off the table and the market is thinking that, unless we get a strong bounce-back in employment, then July is not looking likely either.”