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US: US stocks closed little changed as investors continued to digest major corporate earnings. Markets also looked at FED's beige book survey release that showed both inflation and hiring slowed. Dow closed 0.23% lower, S&P closed at flat line and Nasdsq closed just above the flat line.

Asia: Asia-Pacific markets were largely lower on Thursday as investors on Wall Street digest more earnings reports from names like Netflix, IBM and Morgan Stanley.

India: Indian stocks fell for the third straight day in a row led by IT stocks that continued to drag down indices on earnings miss. Sensex fell 159 points and Nifty lost 41 points at close. Market is expected open on a flattish note and likely to witness sideways move during the day.

Global Economy: China kept its benchmark lending rates unchanged for the eighth straight month on Thursday in line with expectations, as the economic recovery reduced the need for any immediate monetary support. The world's secondlargest economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions. The one-year loan prime rate (LPR) was kept at 3.65%, while the five-year LPR was unchanged at 4.30%.

U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report. "Expectations for future growth were mostly unchanged as well; however, two districts saw outlooks deteriorate," the U.S. central bank said in its latest "Beige Book" compendium of surveys and interviews conducted across its 12 districts through April 10. "Contacts expected further relief from input cost pressures but anticipated changing their prices more frequently compared to previous years."

Commodities: Gold prices traded below key levels on Thursday, coming under pressure from a resurgence in the dollar and mounting expectations that major central banks across the globe will keep raising interest rates in the near-term. Oil prices fell further in early Asian trade on Thursday, as markets reassessed their outlook for demand this year amid signs of cooling economic growth and growing bets on more rate hikes from major central banks.

Currency: The U.S. dollar held gains on Thursday after strong U.S. banking results firmed up expectations that the Federal Reserve will keep monetary policy tight for a while longer.

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