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US: U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.

Asia: Stocks in Hong Kong led gains in a mixed Asia-Pacific session on Tuesday after a negative start to the week with investors watching developments in the unrest over China’s Covid restrictions. Major U.S. indexes lost around 1.5% each

Covid restrictions. Major U.S. indexes lost around 1.5% each.

India: Following the footsteps of the S&P BSE Sensex, the NSE Nifty 50, too, vaulted to a new life-time high in trades on Monday. The NSE Nifty registered a summit at 18,614 led by strong gains in index heavyweight Reliance Industries. 

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

Global Economy: Egypt posted economic growth at 4.4% in Q1 of the fiscal year 2022/23. The employment rate rose slightly to 7.4% in Q1 against 7.2% in the corresponding period of FY 2021/22.

Japanese retail sales grew less than expected in October, as rising inflation, slowing economic growth and a severely weakened yen weighed heavily on consumer spending. Retail sales grew 4.3% from last year in October. The reading was below expectations for growth of 5%, and also came in below September’s reading of 4.8%.The data follows a string of weak economic readings for October and November, as the Japanese economy faces increased headwinds from high inflation and a weakening yen

Commodities: Gold prices were flat in early Asian trade on Tuesday after declining about 1% in the previous session as U.S. Federal Reserve officials signaled that interest rates would remain high to bring down inflation.

Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs

Currency The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened market sentiment, and as hawkish remarks from Federal Reserve officials gave the greenback an additional leg up

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