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US:U.S. stock indexes pulled back Wednesday as investors assessed the global-growth implications of China’s easing of Covid-19 restrictions.

Asia: Asia-Pacific markets traded lower, taking the lead from Wall Street’s losses overnight as investors looked to the year ahead.

India: After two days of steady gains, the key benchmark indices consolidated in the narrow trading band on Wednesday amid mixed global cues.

Market is expected to open gap down and likely to witness rangebound move during the day.

Global Economy: Contracts to buy U.S. previously owned homes fell far more than expected in November, diving for a sixth straight month in the latest indication of the hefty toll the Federal Reserve's interest rate hikes are taking on the housing market as the central bank seeks to curb inflation. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, fell 4% to 73.9 last month from October's downwardly revised 77.0. November's was the lowest reading - aside from the shortlived drop in the early months of the pandemic - since NAR launched the index in 2001.

Vietnam's gross domestic product grew 8.02% in 2022, faster than an expansion of 2.58% last year. GDP growth in the fourth quarter was 5.92%, slowing from a growth of 13.71% in the third quarter.

Commodities: Gold prices ticked up on Thursday as the U.S. dollar eased, with traders awaiting new indications on the Federal Reserve's rate hike plans.

Oil prices ticked down on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand in the world's second-biggest oil consumer.

Currency: The dollar steadied on Thursday after riding long-end U.S. Treasury yields higher overnight, as initial optimism over China's reopening fizzled.

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