Asia Pacific stocks set to open mixed; Fed Chair Powell assesses prospects of U.S. economic recovery

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

U.S. Federal Reserve Chairman Jerome Powell said the economy stateside may need a coronavirus vaccine to fully recover.

"Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily through the second half of the year," the central bank chief said. However, he added that "for the economy to fully recover ... that may have to await the arrival of a vaccine."

On the economic data front, Japan's first-quarter GDP print is expected to be out at around 7:50 a.m. HK/SIN on Monday. China's housing price data for April is also set to be out at about 9:30 a.m. HK/SIN., which tracks the greenback against a basket of its peers, was last at 100.385 after seeing highs around 100.5 last week.traded at 107.20 per dollar after strengthening from levels above 107.6 seen early last week. The Australian dollar changed hands at $0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines