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US: U.S. stocks rose Thursday after a fresh slate of economicdata and corporate earnings reports continued to paint a mixed picture of the economy’s direction

Asia: Asian stocks rose on Friday and were poised for their fifth straight week of gains after a set of data highlighted a resilient U.S. economy, lifting investor sentiment ahead of next week's slate of central bank monetary policy meetings.

India: Within sectors, the Nifty PSB index tanked 3.6 % followed by bank, financial indices. Auto, metals and FMCG pockets closed nearly flat with fractional cuts on Wednesday. Market is expected to open with gap up and likely to witness sideways move during the day.

Global Economy: The U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation's health as a measure of domestic demand rose at its slowest pace in 2-1/2 years, reflecting the impact of higher borrowing costs. The Commerce Department's advance fourth-quarter gross domestic product report on Thursday showed half of the boost to growth came from a sharp rise in inventory held by businesses, some of which is likely unwanted. Gross domestic product increased at a 2.9% annualized rate last quarter. The economy grew at a 3.2% pace in the third quarter. Economists polled by Reuters had forecast GDP would rise at a 2.6% rate. Inflation in Japan’s capital grew more than expected in January, heralding a similar rise in nationwide inflation and a higher chance of monetary tightening measures by the central bank. The Tokyo Core Consumer Price Index rose at an annualized 4.3% in January from 4.0% in the prior month, hitting a 41-year high and also beating expectations for a reading of 4.2%.Including the prices of volatile materials such as fresh food, Tokyo CPI inflation grew 4.4% in January from 4% in the prior month, also hitting an over 41-year high.

Commodities: Gold prices moved little on Friday as metal markets hunkered down before the release of the Federal Reserve’s preferred inflation gauge, while a recovery in the dollar also pressured prices following better-than-expected U.S. economic growth figures Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand

Currency: The U.S. dollar dropped against the yen on Friday as traders bet a hawkish pivot from the Bank of Japan (BOJ) was still in the offing.

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