US-China trade relations, Fed's interest rate stance, crude oil prices and movement of the rupee will set the tone for the equity markets this week, say experts. On the global front, the Federal Reserve's FOMC (Federal Open Market Committee) meeting is scheduled during mid-week, which will give clues regarding the US central bank's rate trajectory for 2019. US-China trade relations will also be tracked by participants, experts added. Crude oil prices have dropped despite OPEC and Russia agreeing to cut oil production from January next year, mainly due to increasing US shale oil output. The BSE Sensex rose 288 points or 0.81 per cent over the last week to close at 35,962.93.

Source: dna December 16, 2018 05:48 UTC