This starts a 60-day countdown where an election must be held to select the next president.
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Asia-Pacific markets open lower as investors await China GDP and sales data
China is set to post its first-quarter GDP data. Reuters’ economists expect a 5.1% growth year-on-year, compared to a 5.4% in the previous quarter.
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.