Market focus is largely attuned to the U.S. central bank, with policymakers set to begin a two-day meeting later on Tuesday. 

Investors are likely to closely monitor whether policymakers at the central bank lay the groundwork for a rate cut later in the year.

Fresh hopes for looser monetary policy have eased tensions in risk asset markets, which were hit hard last month by escalating trade tensions between the world’s largest economies.

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