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US: US stocks moved higher despite of profit warning from Target, as bond yeilds retreated. Dow gained 0.80%, S&P added 0.95% and Nasdaq closed 0.94% higher.

Asia: Shares in Asia-Pacific rose in Wednesday morning trade as investors look ahead to the Reserve Bank of India’s latest interest rate decision expected later today.

India: Falling for the third day in a row, Indian equity benchmarks ended sharply lower on Tuesday on the back of selling across counters as caution set in among investors ahead of RBI’s monetary policy decision due on June 8

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

Global Economy: Indonesia Trade Minister Muhammad Lutfi said the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne from $575 per tonne to encourage shipments. Indonesia, the world's biggest palm oil producer, has allowed palm oil exports to resume after a three-week ban, but progress has been slow due to red tape, keeping palm mills' storage tanks full

Japan's economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections and companies rebuilt their stock, offsetting a drop in business spending. While the slower contraction is welcome news for policymakers hoping the economy will return to growth this quarter, persistent supply chain disruptions remain a risk to economic momentum in April-June.

Commodities: Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China's top cities relax COVID-19 curbs.

Gold prices were little changed on Wednesday as investors awaited the U.S. inflation report this week for further cues on the economy as central banks worldwide seek to cool surging prices.

Currency: Gold prices were little changed on Wednesday as investors awaited the U.S. inflation report this week for further cues on the economy as central banks worldwide seek to cool surging prices.

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