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

"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.

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Stock futures tick higher after Fed's Powell says economy could 'recover steadily' later this yearU.S. stock futures traded flat Sunday as investors awaited comments from Federal Reserve Chairman Jerome Powell. What a big manipulators.. No worries, reality will strike sonner or later.. if there was a vaccine and no 2nd wave pandemic!!! 🤣🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »

Stock futures tick higher after Fed's Powell says economy could 'recover steadily' later this yearU.S. stock futures traded flat Sunday as investors awaited comments from Federal Reserve Chairman Jerome Powell. What a big manipulators.. No worries, reality will strike sonner or later.. if there was a vaccine and no 2nd wave pandemic!!! 🤣🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »