CNBC Daily Open: Powell to speak in Congress – markets are mixed on expectations
Publishing timestamp: 2023-03-07 02:35:23
Summary
Federal Reserve Chair Jerome Powell will testify before Congress today, and markets are uncertain of what to expect. Asia-Pacific markets traded mixed after Australia's central bank raised its cash rate. China's foreign minister warned of rising tension with the US. Iran claims to have discovered 8.5 million tons of lithium, which could benefit the electric vehicle industry. Finally, a report from Moody's Analytics said it may take 132 years to close the gender pay gap, which could result in an economic boost of $7 trillion.
Sentiment: NEUTRAL
Tickers: 9984.T-JP,
Keywords: jerome powell, softbank group corp, world markets, united states, markets, business news, economic events,