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US: U.S. stock indexes finished mixed after China said it would open its borders next month, bolstering investors’ hopes that the thawing of the world’s second-largest economy will support global growth. Bond yields climbed.

Asia: Asia-Pacific markets mostly fell after Wall Street’s losses overnight as investors weighed headwinds for the economy in 2023.

India: The key benchmark indices extended the so-called Santa rally on Tuesday, as positive global cues, coupled with reports of China further relaxing its pandemic-related restrictions boosted sentiment.

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

Global Economy: Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand. The S&P CoreLogic Case Shiller national home price index increased by 9.2% in October, down from 10.7% in September and notching the first single-digit gain since November 2020.

Spain announced 10 billion euros ($10.65 billion) worth of measures to ease the pain of inflation in the third major package this year, bringing total aid to 45 billion euros since early 2022. Spain, like other European countries, has been grappling with a cost-of-living crisis exacerbated by the impact of the war in Ukraine on energy prices. The package includes a one-off bonus of 200 euros for about 4.2 million households with annual incomes up to 27,000 euros and the extension of tax cuts for energy bills into the first half of next year.

Thailand's exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China's lockdown measures. Exports, a key driver of Thai growth, declined 6.0% in November from a year earlier, which came after October's 4.4% drop. Thailand recorded a trade deficit of $1.34 billion in November.

Commodities: Gold prices eased on Wednesday pressured by an uptick in the U.S. dollar, having risen 2% in the previous session following China's decision to further ease COVID-19 restrictions. Oil prices climbed on Wednesday as markets were optimistic about fuel demand recovery as China continues to ease its COVID-19 restrictions.

Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil

Currency: The dollar edged higher against its major peers on Wednesday, reaching a more than one-week top versus the yen, buoyed by higher Treasury yields as traders puzzled over the outlook for policy at the world's biggest central banks.

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