Markets in Europe are expected to open weak on Wednesday amidst a renewed focus on the Fed ahead of announcement of the Fed's interest rate decision as well as forward guidance. Anxiety ahead of the announcement by the ECB on Thursday and fears of a fresh banking crisis contagion is also seen swaying market sentiment.
Wall Street had closed deep in the red on Tuesday amidst a selloff in US regional banks, weak jobs data as well as a firm focus on the Fed's expected 25 basis-points rate hike and forward guidance. Data showed job openings drop to 9.6 million in March, the lowest since April 2021 and below market expectation of 9.8 million. The Nasdaq Composite shed 1.08 percent to close at 12,080.51. The Dow Jones Industrial Average lost 1.08 percent to finish trading at 33,684.53.
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