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US: U.S. stocks were higher after the close on Wednesday, as gains in the Basic Materials, Utilities and Technology sectors led shares higher.

Asia: Asian shares and bonds rallied on Thursday while the dollar nursed heavy losses, as a surprisingly low reading on U.S. inflation stoked speculation the end of the post-pandemic tightening cycle is in sight.

India: Key benchmark indices reversed early gains and ended in the red on Wednesday, amid profit-taking ahead of the Industrial Production and Retail Inflation data to be out later in the day. Market is expected to open gap up and likely to witness volatile move during the day

Global Economy: U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation subsided further, but probably not fast enough to dissuade the Federal Reserve from resuming raising interest rates this month. The report from the Labor Department on Wednesday also showed underlying consumer prices posting their smallest monthly gain since August 2021. The considerable slowdown in underlying inflation sparked a rally on the stock and bond markets, with investors convinced the U.S. central bank's fastest monetary policy tightening cycle since the 1980s was drawing to a close. Britain's housing market showed signs of a slowdown in June and property surveyors expect activity to remain subdued as higher borrowing costs hit new buyer enquiries, according to an industry survey on Thursday. The Royal Institution of Chartered Surveyors (RICS) said a net balance of -45 in a poll of its members reported a fall in new buyer enquiries last month, down from the -20 in May. June's reading - which represents the difference in percentage points between members seeing rises and falls in new buyer enquiries - was the most negative figure since a -51 in October last year in the aftermath of former Prime Minister Liz Truss's "mini-budget" economic plan.

Commodities: Gold prices steadied near one-month highs on Thursday as weaker-than-expected U.S. inflation data spurred bets on a less aggressive Federal Reserve, while copper was buoyed by the prospect of more stimulus measures in major importer China. Oil prices rose in Asian trade on Thursday, hovering near threemonth highs as softer-than-expected U.S. inflation data helped ease some anxiety over rising interest rates

Currency: A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month's end.

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