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US: US stocks oscillated between gains and losses throughout a volatile session on Tuesday, with technology shares still under pressure after last week’s hawkish central bank turn. Treasuries slumped, with the global bond market digesting the Bank of Japan’s sudden increase in its yield trading band.

Asia: Asian equities edged higher Wednesday after US shares snapped a four-day losing streak, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade.

India: Indian equity benchmarks ended lower on Tuesday amid mixed cues from global markets. Nifty IT and metal were the only sectorial indices that ended in the red. 39 stocks in the Nifty50 basket ended lower on Tuesday. Nifty Auto was the biggest sectorial laggard. Weakness persisted across global markets after Bank of Japan's surprise policy announcement.

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

Global Economy: U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The companies signed up for $8.6 billion in new loans, leases and lines of credit last month, compared with $7.9 billion a year earlier, according to ELFA. Borrowings were upnearly 6% from January.

Canadian retail sales rose by 1.4% in October from September, data showed on Tuesday, but an estimate for November indicates a 0.5% monthly decline heading into the Christmas shopping season and after seven interest rate increases this year. October retail sales gained the most in five months, though it was a notch lower than the 1.5% rise forecast by analysts. September's decline was revised downward a decimal point to 0.6% from a previously reported drop of 0.5%, Statistics Canada said.

Commodities: Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the dollar weakened after the Bank of Japan’s surprise policy tweak.

Oil prices crept higher on Wednesday as data signaled a biggerthan-expected weekly draw in U.S. inventories, although concerns over adverse weather conditions weighed on the outlook for near-term demand.

Currency: The yen hovered around a four-month high against the dollar on Wednesday as traders contemplated the shock move by the Bank of Japan to adjust its bond yield control programme and potentially open the door to move away from its ultra-easy monetary policy.

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