#PreMarket Primer: Friday, November 15: Markets Higher Due To The 'Yellen Effect'
November 15, 2013 at 06:39 AM EST
Markets across the world improved after Janet Yellen was approved as the new Federal Reserve Chairwoman on Thursday. Yellen’s appointment allowed investors to release a collective sigh of relief as she dovishly defended the Fed’s easy money policies. The prospect of extended US monetary stimulus kept Asian markets climbing higher on