Before then, all eyes will be on the OPEC+ oil cartel, which on Wednesday is expected to stick to its guns and increase output only modestly after the price of crude recently soared to multi-year highs.
Oil prices steadied after recent strong gains as Russia-Ukraine tensions fanned supply worries, adding to expectations that a global economic recovery will spur further demand improvements. "Anything other than a decision to raise output by a further 400,000 barrels per day would come as a big surprise," said Commerzbank analyst Carsten Fritsch.
And while there remains plenty of volatility and uncertainty on trading floors owing to geopolitical tensions and the Omicron spread, analysts remain upbeat for the year.Of the markets that opened Wednesday, Tokyo, Sydney, Wellington, Jakarta and Manila all gained more than one percent.
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UAE plans federal tax on corporate earnings for first timeGovernment is set to introduce a 9% federal corporate tax on business profits from June 2023, state-run WAM news agency says
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