Mr. Powell Goes to Washington

All eyes on Powell's congressional testimony this week

Highlights

• All eyes on Powell's congressional testimony this week

• China's industrial sector remains a global deflationary threat

• Is the U.S. equity market topping out?

• U.S. employment data offer little sign of labor market strength

Key Takeaways

Global Equity Markets Shrug Off Tariff Threats

• World equity markets have managed to shrug off the most recent Trump tariff threats with U.S. futures squarely in the green and Europe firming +0.3% at the moment. A moribund economy, a weak euro and lower interest rates are providing more than just an antidote for the regional equity market — have a look at Europe’s Unloved Stocks Are Having a Moment on page B1 of today’s WSJ.