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US: U.S. stocks were lower after the close on Tuesday, as losses in the Industrials, Oil & Gas and Basic Materials sectors led shares lower.

Asia: Asia-Pacific markets were mixed on Wednesday as Wall Street digested a key U.S. labor report that showed job openings dropped to their lowest level in nearly two years in February.

India: India stocks were higher after the close on Monday, as gains in the Auto, Real Estate and Consumer Durables sectors led shares higher. At the close in NSE, the Nifty 50 added 0.22%, while the BSE Sensex 30 index gained 0.19%.

Market is expected open on a flattish note and likely to witness sideways move during the day.

Global Economy: U.S. job openings dropped to their lowest level in nearly two years in February, suggesting that labor market conditions were finally easing, welcome news for the Federal Reserve as it considers whether to pause its interest rate hiking cycle. Despite the larger-than-expected decline in job vacancies, the labor market remains tight, with 1.7 job openings for every unemployed person in February, down from 1.9 in January.

New orders for U.S.-manufactured goods fell for a second straight month in February amid ebbing demand for civilian aircraft and there were signs that business spending on equipment remained weak in the first quarter. Factory orders dropped 0.7% after decreasing 2.1% in January, the Commerce Department said on Tuesday.

Commodities: Gold prices hovered near record highs seen in 2020, trading steady above the key $2,000 level on Wednesday, as the dollar eased after weak U.S. economic data fanned expectations that the Federal Reserve might loosen its monetary policy trajectory.

Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+'s latest output cut targets.

Currency: The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its monetary tightening cycle.

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