Fed rate hike possibility increases, Asia trades weak

We kick start a new week and in fact it appears there could be a bit of a softish opening just to kick start trade. Remember the Nifty was more or less subdued in the last few trading sessions. It was range bound, we are waiting for an outcome coming in from the US Fed, as Janet Yellen spoke on Friday evening. Now the market reading is that maybe there is a likelihood that we could see one rate hike this year a part of the street as well believes that maybe we could see two rates hikes coming this year.