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China rate cut, dovish ECB to drive markets

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, in this Apr 3, 2014 file photo.

THE US Federal Reserve's Open Market Committee's next meeting will be held on Tuesday and Wednesday this week, and going by the actions of central banks in China and Europe last week, no rate hike looks to be forthcoming. This will fuel the rebound in the major indices from their end-August lows