Wednesday, 24 May 2017

Asian markets open in the green >> Daily Intraday Tips Provider-

Major indexes in Asia opened higher on Wednesday as investors looked ahead to US Federal Reserve views on interest rate hike prospects and await an upcoming OPEC meeting widely expected to extend production cuts for nine months to March 2018.

Markets are awaiting the release of minutes from the Fed's for its last meeting on Wednesday in the US for details on the probability of a rate hike in June. More information from the Fed on how it intends to unwind its balance sheet is also expected.

Another potentially market-moving upcoming event is the OPEC meeting on Thursday that will be led by Saudi Arabia. Oil prices have been rising on optimism over hopes that will be OPEC-led output cuts will be extended with non-OPEC key producer Russia also in the pact.

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