A look at the day ahead in markets from Kevin Buckland.
Crude oil continued to tick up, but not at Monday's pace, with Brent a little over $85.
Money markets lay 2:1 odds for the Fed to hike by another quarter point over a pause at their next meeting in a month from now. By contrast, the European Central Bank is seen as almost certain to tighten by a quarter point at its meeting around the same time. The Reserve Bank of Australia, for its part, decided to press pause on its year-long rate hiking campaign - as most economists had predicted - amid signs that inflation may have peaked.released on Tuesday, which upgraded its projection for the region's growth this year on the strength of China's post-COVID reopening.
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