Markets sitting in a wait and watch made as the US Central Bank starts two day meet for the crucial rate lift off amid growing global tensions and soaring inflation, here is what you need to watch-:
- Global Markets Volatile: US markets ex-tech ended flat as traders stay away from large new positions ahead of Fed rate hike. Chinese stocks see sell-off in trade with Hang Seng seeing big cuts,
- Crude Collapses: Slipping below the $100 mark briefly in U.S. trade , oil prices crashed 7% to come back towards the $100/bbl for the Brent benchmark
- Fed Meet Begins: Federal Reserve's committee on rates (FOMC) to begin two day meet, market pricing in a 25 bps point hike. This would be the central bank's first hike since 2018.
- US-China Talk: In their first high-level, in-person talks since the invasion officials conducted a “substantial discussion” of the Russian war announced the White House but gave no specific outcomes or agreements.
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