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Market Review

US: U.S. stocks rebounded on Monday, with Corporate America kicking off the busiest week for first-quarter earnings that will be key in shaping the outlook for equities. The S&P 500 Index and Nasdaq 100 rose by 0.27% and 0.22%.

Asia: Asian shares extended gains on Tuesday, taking cues from Wall Street as focus shifts to earnings results from U.S. tech giants in the week.

India: India's benchmark stock indices ended higher for the second day on Monday, led by gains in shares of ICICI Bank, Larsen & Toubro, and Infosys, as a relief rally enveloped domestic and global markets alike. Market is expected to open on a positive note and likely to witness range bound move during the day.

Global Economy: Japanese Finance Minister Shunichi Suzuki said on Tuesday that last week's trilateral meeting with his U.S. and South Korean counterparts has laid the groundwork for Tokyo to take appropriate action to deal with excessive yen moves. The fresh warnings against excessive currency moves came after the dollar rose to 154.85 yen, its strongest levels against the Japanese currency since 1990, keeping markets on heightened alert for any signs of intervention from Tokyo to prop up the yen. New Zealand's central bank said on Tuesday it does not agree with the assessment of the country's competition watchdog that its prudential capital settings need to be reviewed. In March, a draft Commerce Commission report found that there was limited competition in New Zealand's personal banking sector and one of its recommendations was that the central bank review its capital setting requirements. RBNZ Deputy Governor Christian Hawkesby said the current bank capital framework is the result of a careful and extensive review process that occurred recently and is still being phased in.

Commodities: Gold prices edged up on Tuesday but hovered near a one-week low hit in the previous session, as worries over a wider Middle East conflict subsided, boosting investors' risk appetite and lowering bullion's safe-haven demand. Oil prices steadied in Asian trading on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.

Currency: A firm U.S. dollar had the yen locked near a fresh 34- year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week.

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