CNBC Daily Open: All eyes are on Jerome Powell
Publishing timestamp: 2023-03-07 02:37:47
Summary
Federal Reserve Chair Jerome Powell will testify before Congress today and tomorrow, and markets are uncertain of what to expect. Stocks in the US were mixed, while in Europe the Stoxx 600 ended flat. Iran claims to have discovered 8.5 million tons of lithium, but it is uncertain if the EV industry will benefit from it. Finally, a report from Moody's Analytics said it may take 132 years to close the gender pay gap, but when it does, the world will see an economic boost of $7 trillion.
Sentiment: NEUTRAL
Keywords: jerome powell, softbank group corp, world markets, united states, markets, business news, economic events,
Source: https://www.cnbc.com/2023/03/07/cnbc-daily-open-all-eyes-are-on-powell.html