CNBC Daily Open: Powell to speak in Congress – markets are mixed on expectations

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Fed Chair Powell volition talk aboriginal today. Markets don't cognize what to expect.

• U.S. Federal Reserve Chair Jerome Powell volition testify earlier Congress arsenic a week packed with economical information releases lies ahead. That includes February's jobs report, which volition amusement whether the Fed's assertive complaint hikes are starting to chill the system – particularly aft January's blistery report.
• Stocks successful the U.S. were a mixed picture arsenic investors braced for much hawkish commentary from Powell – the Dow Jones Industrial Average roseate somewhat by 0.12% portion the Nasdaq Composite dipped 0.11%. Asia-Pacific markets traded mixed Tuesday aft Australia's cardinal slope raised its currency complaint by 25 ground points to 3.6%, the highest complaint since June 2012.
• China's caller overseas curate successful a Tuesday briefing warned of rising tension up with the U.S. Qing Gang told journalists relations person near a "rational path" and that determination would beryllium struggle if Washington does not "hit the break, but proceed to velocity down the incorrect path," helium said.
• Iran says 8.5 cardinal tons of lithium has been discovered successful 1 of its occidental provinces. The metal, besides known arsenic "white gold" for the electrical conveyance industry, has seen prices skyrocketing successful the past twelvemonth connected higher request earlier seeing a driblet successful EV income and slower business.
• PRO For the past decade, these three stocks are the lone ones successful the MSCI World Index to person seen affirmative yearly returns, according to screening done by CNBC Pro.

Good morning. This is Jihye Lee penning to you from Singapore. I'm sitting successful contiguous for Yeo Boon Ping, who is connected leave.

All eyes volition beryllium connected Powell testifying contiguous and Wednesday. What helium says volition usher traders arsenic good arsenic lawmakers connected however the U.S. cardinal slope is viewing the authorities of ostentation and however acold its run of assertive hikes has travel – and astir importantly, wherever markets spell from here.

Treasury yields roseate slightly, aft peaking supra 4% past week.

Powell is astir definite to look pugnacious questions from Congress. He'll apt beryllium asked however severely precocious involvement rates person wounded the economy, arsenic planetary markets look a slowing concern environment.

Iran claims it's discovered the world's second-largest known lithium holdings, aft Chile's. Iran says it recovered a deposit of 8.5 cardinal tons of the metal. But whether the EV manufacture volition payment from that assertion is precise overmuch successful question. While a deposit that ample could thrust down lithium prices, bringing that commodity to marketplace would beryllium connected Iran's capableness to export. The country's system has been crushed by dense sanctions and a plunging currency.

And finally, we look up to International Women's Day. Moody's Analytics successful a caller study said it whitethorn instrumentality 132 years for the satellite to adjacent the sex wage gap. And erstwhile it does, the satellite volition spot an economical boost of $7 trillion – that's an further 7% to the world's GDP of untapped potential.

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