GDP clock a lower contraction of 7.5% and held out hopes for further improvement on consumer demand bouncing back.Participants would also track development related to coronavirus vaccine.Asian markets were mostly lower today as a record-busting month comes to an end.
Prospect of a vaccine-driven economic recovery next year and yet more free money from central banks have helped global equity markets scale new highs this month.
Federal Reserve Chair Jerome Powell testifies to Congress on Tuesday amid speculation of further policy action at its next meeting in mid-December. (With Agency Inputs)Click here to read the Mint ePaperMint is now on Telegram.