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6.30am: US stocks seen opening down US stocks are expected to open lower as investors face the double whammy of surging coronavirus (COVID-19) cases in China – leading to large-scale lockdowns – as the conflict in Ukraine enters its 20th day. The market is also awaiting the outcome of the Federal Reserve’s two-day monetary policy-setting meeting on Wedneday, which is likely to result in a 25 basis point hike in interest rates.
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