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Market Review

US: The S&P 500 and Nasdaq eked out small gains on Wednesday to extend their recent winning streaks as investors weighed Federal Reserve officials' recent comments for signals on the path of interest rates and focused on the direction of Treasury yields.

Asia: Asian share markets rallied on Thursday and the dollar was weaker after most U.S stocks edged higher and the S&P 500 recorded its longest winning streak in two years, with investors on high alert for signs that global interest rates have peaked.

India: The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. Market is expected to open on a positive note and likely to witness sideways move during the day

Global Economy: U.S. China re-entered disinflationary territory in October, as both consumer and producer inflation contracted amid weak retail spending and a worsening slump in the manufacturing sector. CPI inflation shrank at an annualized 0.2% in October. Month-on-month, CPI inflation shrank 0.1%, reversing the 0.2% rise seen in September.

Japan's real wages slipped in September for an 18th month, while consumer spending extended a months-long decline, with rising prices squeezing households' purchasing power, and likely to add to pressure from labour groups for higher wage increases. Inflation-adjusted real wages, a barometer of consumer purchasing power, dropped in September by 2.4% from a year earlier after a revised 2.8% fall the month before

Commodities: Gold prices edged higher in early Asian hours on Thursday, helped by a dip in US Treasury yields, while investors looked forward to comments from U.S. Federal Reserve Chair Jerome Powell for more clues on interest rates. Oil prices rose on Thursday, recovering from near four-month lows as markets remained on edge over a slowdown in global crude demand, especially following weak signals from several major economies.

Currency: The euro was near a 15-year high on the yen and was firm against the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy prices.

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