STOCKS: The benchmark BSE Sensex rose 417.81 points, or 0.67%, to 63,099.65, while the broader NSE index gained 154.55 points, or 0.83%, to 18,772.6, tracking gains in Asian markets.
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes "as soon as December," even as he cautioned that inflation was still too high.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Dhara Ranasinghe. World equity markets rallied on Wednesday and focus turned to Jerome Powell, who speaks later in the day in what will be the U.S. Federal Reserve chief's last opportunity to steer sentiment ahead of the Fed's December meeting.
Euro zone bond yields climbed on Wednesday as investors awaited the release of November inflation data for the single-currency bloc and a speech by U.S. Federal Reserve Chair Jerome Powell. Lower than expected inflation readings for Germany and Spain helped bond yields, which move inversely to prices, drop on Tuesday.
The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a slowdown in European Central Bank rate hikes next month. Consumer prices in the 19 countries sharing the euro grew by 10.0% after a 10.6% increase in October, well below expectations for 10.4% in a Reuters poll of analysts.
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. The Russian rouble edged up against the dollar ahead of three government OFZ treasury bond auctions on Wednesday, boosted by higher oil prices, but weakened against the yuan amid hopes that COVID restrictions in China may be eased.
STOCKS: The benchmark BSE Sensex rose 95.12 points, or 0.15%, to 62,776.96, while the broader NSE index gained 33.15 points, or 0.18%, to 18,651.2, as investors awaited the gross domestic product data and the U.S. Federal Reserve Chair Jerome Powell's speech due later in the day.
Japanese government bond yields fell on Wednesday as investors awaited Federal Reserve Chairman Jerome Powell's speech and a slew of U.S. economic data for policy clues.
STOCKS: The benchmark BSE Sensex rose 3.4 points, or 0.01%, to 62,685.24, while the broader NSE index gained 17.75 points, or 0.10%, to 18,635.8, as investors cautiously awaited the gross domestic product data and the U.S. Federal Reserve Chair Jerome Powell's speech due later in the day.
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes "as soon as December," even as he cautioned that inflation was still too high.
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