Asian markets mostly rose on Tuesday as traders geared up for this week's release of key US jobs data.
Fed Chair Jerome Powell's remarks to lawmakers will be closely followed for an idea about its monetary policy plansAsian markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.
Several officials have lined up to warn that rates would have to go higher and be held there for some time. He added:"This week will likely deliver a make-or-break moment for risk appetite as we will hear Fed Chair Powell's testimony to Congress and find out if the hot January jobs report was an aberration.Powell is due to speak to lawmakers on Tuesday and Wednesday, while the closely watched non-farm payrolls report for February is set to be released Friday.
The gains came after a tepid lead from Wall Street and a soft performance Monday in Asia that came after China set a lower-than-expected target for economic growth this year.
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