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US:

Stocks finished mixed Tuesday as Wall Street awaited quarterly earnings from giants in the tech sector. The Dow Jones Industrial Average finished marginally higher, up 3 points, or 0.01%, to 33,984. The S&P 500 ticked down 0.02% and the Nasdaq slipped 0.34%.

Asia:

Shares in Asia-Pacific were mixed in Wednesday morning trade after a slew of economic data.

India:

The BSE Sensex settled close to day's high at 558, up 48,944 points amid across the board buying. It had touched an intra-day high of 49,009. Meanwhile, NSE's Nifty50 shut shop 168 points higher at 14,653. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global Economy:

Consumer confidence leaped again in April to a 14-month high as rising vaccinations, falling coronavirus cases and a resurgent U.S. economy eased pandemic-related anxieties. The index of consumer confidence climbed to 121.7 this month from revised 109 in March. That’s the highest level since February 2020. Economists had forecast a 113 reading for April. If coronavirus cases keep falling, U.S. growth will accelerate faster through the summer months and beyond. British retailers reported the sharpest upturn in sales since 2018 this month as non-essential began to reopen after months of closure, adding to signs of an economic rebound as COVID restrictions ease. Monthly retail sales volume balance jumped to +20 in April from -45 in March, its highest level since September 2018. Part of the increase reflected the effect of comparing with a year earlier, when Britain was in the midst of its first, most stringent COVID lockdown. But a separate measure of sales volumes for the time of year also rebounded strongly to its highest since June 2018 and is expected to remain high in May.

Commodities:

Oil climbed by the most in nearly two weeks with the OPEC+ alliance and BP Plc pointing to signs of a robust demand recovery taking shape in parts of the world. Gold prices fell on Wednesday, pulled down by firmer U.S. Treasury yields with investors looking out for policy cues from the Federal Reserve's meeting, while palladium eased after hitting a record peak in the previous session.

Currency:

The dollar is set to take its cue from the U.S. Federal Reserve's policy statement and President Joe Biden's speech on Wednesday, as it seeks to extend a recovery from an eightweek low touched earlier in the week against a basket of currencies.

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