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US: Powell's confirmation hearing amongst market movers today – Danske Bank

US Fed chair nominee Jerome Powell's confirmation hearing in the Senate Banking Committee begins today and will be a key event for today’s session, according to analysts at Danske Bank.

Key Quotes

“We expect his approval to be plain sailing despite him not being an economist. Powell is expected to continue the Fed's current monetary policy strategy with gradual hikes.”

“In the US, we have tier-2 data releases with trade data, house prices and Conference Board consumer confidence indicator due for release.” 

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