Cues you should know about before starting your Wed trade

Markets ended mixed on Tuesday in the United States. S&P 500 rose and the Dow knocked after results from Verizon Communications, The Travelers Companies and Johnson & Johnson. The CBOE Volatility Index rose 2.5 percent and the 10-year treasury note edged higher to 2.831 percent.

Also Read: S&P 500 ends with slight gains; IBM falls late

In an update to its 'World Economic Outlook', the IMF predicted global economic growth of 3.7 percent in 2014, an upgrade on 3.6 percent growth it forecast last October. They project the US economy to grow 3 percent in 2015 and have raised India's FY15 GDP growth forecast to 5.4 percent Vs 5 percent previously and increased China's 2014 GDP growth forecast to 7.5 percent Vs 7.3 percent previously.

Meanwhile, the European markets closed mixed as investors responded to corporate earnings, with Unilever and Alstom reporting markedly different results.

Asian traders are on central bank watch with policy decisions due from the Bank of Japan and the Bank of Thailand.

Asian markets were trading mixed this morning. Shanghai Composite gained 0.63 percent, Seoul Composite was down 0.13 percent and Taiwan Weighted rose 0.15 percent.

Losses in large-cap stocks weighed on Kospi. Samsung Electronics offset optimism after the government unveiled a three-year plan focused on economic innovation and aimed at wooing foreign investors.

Asian markets were trading mixed on Wednesday. Shanghai Composite gained 0.63 percent, Seoul Composite was down 0.13 percent and Taiwan Weighted rose 0.15 percent.

In India, Sensex rose 46.07 points to 21,251.12, and the Nifty added 9.85 points to 6,313.80 while the BSE Midcap and Smallcap indices gained 0.4 percent on Tuesday.

In the currency space, yen is on the back foot early this morning with investors unwilling to take aggressive bets ahead of the outcome of the Bank of Japan policy meeting.

From the precious metals space, gold is trading near its lowest in a week after sharp overnight losses on speculation about further cuts to the US Federal Reserve's stimulus measures and an improving outlook for the global economy.