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Wall Street set to open lower as China lockdown adds to Ukraine concerns ahead of Fed decision

Wall Street set to open lower as China lockdown adds to Ukraine concerns ahead of Fed decision

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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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