Reuters

Asian shares followed Wall Street higher as a bullish outlook from the head of the U.S. central bank buoyed the dollar.

Japanese bonds prices fell as equities rose further with investors’ risk appetite remaining strong on the back of a weaker yen.

The U.S. dollar rose against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve

U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining, the latest sign of robust economic growth in Q2.

Global stocks fell on Tuesday as oil prices hit a three-month low, while the dollar edged lower and most other markets were subdued before Fed Chair Powell was due to testify.

BOE Governor Mark Carney said on Tuesday that a no-deal Brexit would have “big” economic consequences, prompt a review of interest rates and leave many bankers idle.

Global benchmark Brent crude oil hit a three-month low on Tuesday as worries over supply disruptions eased.

Asian stocks were lower, with a sharp decline in crude oil prices weighing on energy shares.

The narrowing gap between yields on long-term and short-term Treasury bonds to little more than the equivalent of one rate hike from the Federal Reserve has helped sour at least one U.S. central banker on any further interest rates increases.

U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in Q2.