Indian equity markets may remain volatile on Wednesday, tracking Asian peers, which were mixed in early deals. Crude oil prices rose for the second straight day over optimism that governments' steps to restart economies will bring back growth and demand.
Stock markets in mainland China reopened for the first time since Thursday after a holiday break. Financial markets had mostly dismissed grim economic losses from the covid-19 pandemic, but had second thoughts later in the day, trimming gains after downbeat comments from a senior member of the US Federal Reserve.
On Wall Street, the S&P 500 rose as much as 2% on Tuesday. The index cut gains by just over half at the close after US Federal Reserve Vice Chair Richard Clarida warned that