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Asian stocks, dollar hunt for direction as investors look to Fed policy

Published by
Reuters

By Anshuman Daga SINGAPORE (Reuters) – Asian equities and the dollar struggled to find direction on Tuesday as investors awaited Federal Reserve Chair Jerome Powell’s appearance before the Senate Banking Committee, hoping for clues to the timing of expected policy tightening. Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday. EUROSTOXX 50 futures rose 0.6% and FTSE futures gained 0.3%, indicating a firm open for European stock markets. Global markets have been on …

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