12 Feb 20 - Powell Comments | Macquarie Global markets were up overnight as US stocks climbed to fresh highs as investors digested the latest views from Federal Reserve Chair Jerome Powell that the economic outlook continues to remain stable. Consumer discretionary shares pushed higher but gains were tempered due to weakness from Facebook and Microsoft after the Federal Trade Commission asked some of America’s biggest tech companies for information about acquisitions that may have eliminated new competitors. European and Asian markets closed higher, despite the coronavirus outbreak, as the fact that central banks could ease policy in the event of a growth slowdown created some investor confidence.   Stock in Focus: Macquarie (MQG:ASX) Macquarie shares were a touch lower yesterday down after releasing an operating update which 'only' reiterated its previous guidance that 2020 full year earnings will be slightly lower than the p...