Morning Bid: Powell to the people

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Morning Bid: Powell to the people
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A look at the day ahead in Asian markets from Jamie McGeever

U.S. Federal Reserve Chair Jerome Powell delivers his Jackson Hole speech on the economic outlook on Friday, which will give direction to every financial market in the near term, and set the tone until the Fed's September 20-21 policy meeting.

A flurry of Fed officials on Thursday shared their thoughts on the economy, inflation and interest rates, the most notable market impact of which was a bull-flattening U.S. yield curve to its most inverted in a week.Wall Street also recovered a bit more ground. The Nasdaq's rise of around 1.5% was also helped by a 6% jump in Hong Kong's tech index overnight

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