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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
Powell says a full economic recovery may not happen without a vaccineThe Fed noted that the recovery likely would depend on how Americans feel about their safety.
Read more »
Asia Today: India overtakes China in number of casesIndia’s confirmed coronavirus cases have surpassed China, with the Health Ministry reporting a spike to 85,940 infections and 2,752 deaths. China has reported 82,941 confirmed case and 4,633 deaths since the virus was first detected late last year.
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.
Read more »
Powell says a full economic recovery may not happen without a vaccineThe Fed noted that the recovery likely would depend on how Americans feel about their safety.
Read more »