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US: U.S. stocks finished higher Tuesday, with the S&P 500 and Nasdaq Composite indexes closing at fresh peaks, as bulls continued to find fuel in the formal full approval a day earlier of a COVID-19 vaccine and as investors await a speech at the end of the week from Federal Reserve Chairman Jerome Powell.

Asia: Asia Pacific stocks were up morning, starting the session strong thanks to a commodities rally and after U.S. counterparts recorded a strong end to the previous session.

India: Equity indices soared to record highs with the benchmark BSE sensex rising over 400 points led by gains in metal, banking and financial stocks..Market is expected to open gap up and likely to witness positive move during the day.

Economy: The German economy grew more than expected in the second quarter as the easing of COVID-19 curbs spurred consumers to dip into record savings piled up during the winter lockdown and the state pressed on with a huge debt-financed stimulus push.GDP grew an adjusted 1.6% on the quarter, up from its previous estimate of 1.5% and following a revised first quarter contraction of 2%.

The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis. Britain's tax office said 73,740 homes were sold in July on a seasonally adjusted basis - 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced - although 4% more than in July 2020.Sales were down 24% compared with the same month in 2019, before the pandemic.

Commodities: Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico's production and signs that China, the world's biggest importer, has curbed a recent coronavirus outbreak. Gold prices fell on Wednesday as the dollar ticked higher, with investors awaiting Federal Reserve Chair Jerome Powell’s speech this week for possible guidance on tapering of the pandemic-era stimulus

Currency: The safe-haven dollar traded near a one-week low versus major peers on Wednesday as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie.

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