The U.S. stock markets rallied smartly on the back of value picking of battered down financial and technology shares by value investors. This move comes ahead of the Fed’s outlook on interest rates and the U.S. as well as the world economy. Earlier in the day, it was announced that the crude oil inventories in U.S. had unexpectedly increased, triggering a minor correction in the global crude oil prices. The positive cues from the U.S. stock markets will most likely be reflected in Asia and Europe when they open for trading tomorrow. The key triggers for the global stock markets are likely to be interest rates and inflation.

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