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Despite the US tariff hike on 0 billion worth of Chinese imports from 10 percent to 25 percent taking effect from Friday, China's stocks surged, with the benchmark index－the Shanghai Composite Index jumping 3.1 percent to close at 2939.21 points. That revised a drop of 0.4 percent in the afternoon after the US started to increase tariffs on goods from China.

Dengue cases in the Philippines have been observed to peak every three to four years. The last peak occurred in 2016.

Despite the historically high number of workers filing unemployment claims, applications are down significantly since the peak in March, suggesting that the economy and labor market are recovering from disruptions caused by the novel coronavirus pandemic.

Delivering the central bank's semiannual report to Congress, Powell said that since Fed officials met last month, "uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US economic outlook." In addition, annual inflation has dipped further below the Fed's annual target level.

Dengue is a viral disease with no known vaccine or specific antibiotics. Effective surveillance helps in reducing cases and deaths if areas with clustering of cases are identified early.