Japanese stocks may be plagued by virus fears, with the Topix also seen down 0.8% today, but Asian stocks elsewhere are faring better on the session.
Chinese equities are trading higher, with the Hang Seng up a little over 1% and the Shanghai Composite also marginally higher by 0.4%, mirroring the more positive mood reflected in US futures ahead of European morning trade.
S&P 500 futures are up 0.5%, Nasdaq futures up 0.9%, and Dow futures up 0.3%.
That is setting up a more positive open for Europe as well, with futures trading higher.
Fed’s Powell is taking part in a panel discussion, a Q&A, on the global economy
at the IMF Spring meeting
begins at 1600 GMT
Powell has been dovish over and over again in recent appearances. The Fed approach now is to base changes in policy on outcomes, not outlooks, and the outcome they are focused on right now is inflation sustainably, not transiently, above 2%.
Also speaking on Wednesday from the Fed are:
1500 GMT St Louis Fed head Bullard is discussing the US economy and monetary policy in a Q&A session
1800 GMT Minneapolis Fed head Kashkari discusses the economic outlook in a Q&A