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Asian Markets Extend Global Rally, Bitcoin Trades Sideways as Investors Watch Central Bank Meetings

Asian stock markets continued their global rally on Monday morning, with analysts predicting that the Federal Reserve will pause its rate hike this month. The price of crude oil also rose after Saudi Arabia pledged significant output cuts.

US markets are expected to climb even higher when they open on Monday, following a rally on Wall Street. However, investors will be watching out for central bank meetings in Australia and India this week, before the FOMC meeting next week. Meanwhile, despite optimism in stock markets, bitcoin continued to trade below $27,000, with investors turning to the cryptocurrency as a safe haven against inflation.

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