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The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.
Anadolu Agency | Anadolu Agency | Getty Images
Asia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve revealed that the Federal Open Market Committee is set to deliver more rate hikes at a slower pace.
Officials said that a brief pause in the Fed’s tightening cycle would give the committee time to assess the impacts of the hikes, the most aggressive moves since the early 1980s.
U.S. Treasury Secretary Janet Yellen kicks off her visit to Beijing this week, where she is expected to meet with senior officials in China. This comes after China on Wednesday unexpectedly canceled EU High Representative for Foreign Affairs Josep Borrell’s visit to China.
In Japan, the Nikkei 225 is set to extend its losses after two straight days of decline, with the futures contract in Chicago at 33,085, and its counterpart in Osaka at 33,090 against its last close at 33338.7.
In Australia, futures for the S&P/ASX 200 were at 7,182, higher than the index’s last close of 7,253.2, ahead of its trade balance for May.
Hong Kong’s Hang Seng index is also set to fall, with futures at 18,956 compared to the HSI’s last close of 19,110.38.
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