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    MORNING BELL: Crude oil rebounded modestly

    Asian stocks were mostly higher on Thursday after the Greek parliament approved a bailout plan while the dollar stood tall after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Japan's Nikkei .N225 rose 0.5 percent, as did Australian shares. The euro, already beaten down overnight against the dollar by Yellen's rate views, showed limited reaction to the Greek vote outcome which did not surprise many in the market. 

    In commodities, crude oil rebounded modestly after sliding overnight on expectations increased exports from Iran will add to a global supply glut and on rising inventories at the delivery hub at Cushing, Oklahoma. U.S. crude CLc1 rose 0.4 percent to $51.59 a barrel after dropping 3 percent on Wednesday. Tuesday's agreement on Tehran's nuclear program between six world powers and Iran is expected to result in the lifting of sanctions, which have limited sales of Iranian oil for several years.

    The New Zealand dollar fell to its lowest level in over five years on Thursday after weaker-than-expected inflation data cemented expectations for a cut in interest rates as early as next week. The kiwi skidded to $0.6560, a low not seen since late 2009. It last stood at $0.6575. The kiwi was already under pressure, after a closely watched overnight auction showed global dairy prices tumbled to a 12.5-year low.


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