Investors Anticipate Central Bank Announcements to Impact Global Markets.

European markets are expected to open higher as investors await key central bank meetings in the US, Asia, and Europe. The US Federal Reserve will announce its latest monetary policy move on Wednesday, while the European Central Bank will do so on Thursday. The Bank of Japan's meeting will conclude on Friday. The likelihood that the Fed will pause rate hikes in its June meeting currently stands at about 70%. Meanwhile, Wells Fargo Investment Institute's head of global market strategy warns investors not to chase the equity rally as there is likely more downside risk in stocks at this point.