A look at the day ahead in markets from Ankur Banerjee.
The JOLTS report on Tuesday showed that U.S. job openings dropped to their lowest level in nearly two years in February, with tradersInvestors raised their bets to a roughly 60% probability of no move following the Fed's May 2-3 meeting, compared to about a 43% chance the day before, based on pricing of interest-rate futures.that the U.S. central bank likely has more interest rate rises ahead amid signs the recent banking sector troubles have been contained.
"The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come," DimonStock futures indicate a lower open in Europe, with purchasing managers index surveys for the Eurozone, France and Germany later in the day that will showcase the state of economy in Europe. Investors still anticipate few more rate hikes in the region.that the U.S.
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