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US: U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Consumer Goods and Industrials sectors led shares higher

Asia: Asia-Pacific shares traded higher as investors looked ahead to the Federal Reserve’s Wednesday meeting, as well as some economic data in the region

India: India stocks were higher after the close on Tuesday, as gains in the Public Sector Undertakings, Power and Auto sectors led shares higher. Market is expected to open gap up and likely to witness volatile move during the day due to the Union Budget

Global Economy: Chinese manufacturing activity shrank in January, a private survey showed on Wednesday, painting a less rosy picture of the economy, as the country reemerges from three years of anti-COVID lockdowns. The Caixin manufacturing purchasing managers index (PMI) was 49.2 in January, higher than December’s reading of 49.0, but still below estimates of 49.5. A reading below 50 indicates contraction. Japan's factory activity contracted for a third straight month in January, a private survey showed on Wednesday, although manufacturers' outlook remained upbeat on improved supply and price conditions. The au Jibun Bank Japan Manufacturing Purchasing Managers' Index was at 48.9 in January, unchanged from the flash reading and the previous month's final figure, which was the weakest level since October 2020. Subdued global economic conditions continued to hold back customer demand across the Japanese manufacturing sector.

Commodities: Gold prices fell slightly on Wednesday as markets awaited fresh cues on monetary policy from a string of major central bank meetings this week, starting with the Federal Reserve later in the day. Oil prices kept to a tight range on Wednesday after retreating in January, with markets now seeking more cues from a Federal Reserve meeting and a potential economic recovery in China.

Currency: The dollar was broadly flat against major currencies on Wednesday after easing in the previous session following U.S. data that showed moderating wage pressure, with investors keenly awaiting the conclusion of a Federal Reserve policy meeting

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