Powell says recovery is far from complete: ASX poised to open lower
24 Feb 2021 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The US Federal Reserve chair Jerome Powell says recovery is ‘far from complete.’ He also reiterated that the central bank planned to keep up low interest rates and large-scale bond buying. The tech sell-off continues with the NASDAQ continuing to be hit. And Seven West Media (ASX:SWM) has signed a Letter of Intent to provide news content to Facebook.
Powell says recovery is far from complete: ASX poised to open lower
24 Feb 2021 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The US Federal Reserve chair Jerome Powell says recovery is ‘far from complete.’ He also reiterated that the central bank planned to keep up low interest rates and large-scale bond buying. The tech sell-off continues with the NASDAQ continuing to be hit. And Seven West Media (ASX:SWM) has signed a Letter of Intent to provide news content to Facebook.