In a more promising sign, E-Mini futures for the S&P 500 recouped their early losses to edge up 0.3% and EUROSTOXX 50 futures added 0.2%. FTSE futures dipped 0.2%.
On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to hopes of increased demand for various online services due to the epidemic.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9.
As many as 27 stocks in the Sensex pack were up in early trade.
After a cautious start Asian markets were led higher by China on signs parts of the domestic economy were picking up. Hong Kong managed to rally 3.6%, while Chinese blue chips put on 2.2%.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%.
Global equity markets have surged around 30% since hitting a low in early March, driven largely by policy stimulus.
Experts predict a safe and effective vaccine could take 12 to 18 months to develop.
"The path ahead is both highly uncertain and subject to significant downside risks," Powell said in a webcast speech.
"The most important problem in this sector is that (among) the international price for agriculture commodities and the market price and the MSP, there is a vast difference. Now there are a lot of problems, some political problems are also there. It is very difficult for the government to take decisions.
Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed U.S.-China trade tensions.
MSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains.
E-mini futures for the U.S. S&P 500 were up 0.2% in early Wednesday trade, extending the gains so far this week to 1.4%.
Pattern analysis showed Nifty has managed to move past the 200-DMA.
Between February 18 and March 17, crude oil futures slipped 42 per cent, the Sensex 25 per cent, silver 25 per cent and gold 3 per cent.
The case showed that even one of the shrewdest investors in the world can be hoodwinked.
The smaller Shenzhen index ended up 1.28 per cent and the start-up board ChiNext Composite index rose 1.574 per cent.
The S&P/ASX 200 index rose up to 1.1 per cent before paring early gains to close 0.4 per cent higher at 6,057.90.
The benchmark Nikkei average rose 0.7 per cent to close at 22,306.48.
Technology stocks led the gains, rising 0.8%, while insurers and banks were the biggest decliners.
The Dow Jones Industrial Average was up 242.46 points, or 0.94%, at 25,977.43.
The benchmark Nikkei average edged up 0.1% to 22,145.96, partially clawing back from the previous session's losses of 0.8%, with cyclical stocks lifting the index.
Rising for the third straight day, the S&P/ASX 200 index gained 1.7% to 6,032.7, its highest closing level since June 11.
The pan-European STOXX 600 rose 0.9% by 0716 GMT, in its fourth consecutive day of gains.
Japan's Nikkei rose 0.4%, China's blue-chip index added 0.6% while Hong Kong's Hang Seng index climbed 1.7%.
Shares of Tesla climbed as much as 3.5% in intraday trading Wednesday.
Investors were also encouraged by some upbeat economic data as coronavirus-induced lockdowns have eased.
At the close, the Shanghai Composite index was up 1.38 per cent at 3,025.98, the highest since March 6.
The S&P/ASX 200 index was up 0.6% to 5,934.40 at the close of trade, helped by a burst of late-buying after the bell.
The benchmark Nikkei average ended 0.75% lower at 22,121.73.
The pan-European STOXX 600 index rose 0.2% by 0718 GMT, after closing out its best quarterly gains since March 2015 in the previous session.
Hong Kong markets were closed for a holiday on Wednesday to mark the anniversary of the former British colony's return to China in 1997.
‘Have a strategic call and then look for some kind of a stable growth’
The Dow Jones Industrial Average was up 60.79 points, or 0.24 per cent, at 25,656.59.
New Zealand's benchmark S&P/NZX 50 index recorded its best quarter ever.
The pan-European STOXX 600 index looked set to post its biggest quarterly gain since March 2015 with a 12.5% rise.
The benchmark Nikkei average advanced 1.33 per cent to 22,288.14.
At the close, the Shanghai Composite index was up 0.78 per cent at 2,984.67, while the blue-chip CSI300 index was up 1.32 per cent.
The Nikkei rose 2%, shrugging off a larger-than-expected decline in Japanese industrial production.
The Dow Jones Industrial Average was up 344.20 points, or 1.38 per cent, at 25,359.75.
In New Zealand, the benchmark S&P/NZX 50 index rose 1.1% to 11,252.54 as utility and healthcare stocks gained.
The benchmark Nikkei average tumbled 2.3% to 21,995.04 points, its lowest close since June 15, with cyclical stocks leading the decliners.
The pan-European STOXX 600 index rose 0.2% after opening in the red, lifted by automakers and travel & leisure companies.
The tech-heavy start-up board ChiNext Composite index eased 0.4 per cent on profit-taking.
MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%.
With all eyes glued on an EU meeting later in the day to discuss the measures, investors swept aside horrible data from the euro zone that showed economies have suffered massive blows.
Prior to this, foreign investors remained net sellers for three consecutive months.
"We have a very differentiated business and are a very global business."
"We probably are past the lowest point and I say that with some trepidation, because of course there could be a severe second wave," Lagarde told an online event.
The benchmark Nikkei average rose 1.1% to 22,512.08, rebounding from a 1-1/2-week closing low hit in the previous sessiom.
The S&P/ASX 200 index closed 1.5% higher at 5,904.10.
The pan-European STOXX 600 index was up 0.6% by 0720 GMT, with technology, chemical companies and miners leading sectoral gains.
Japan's Nikkei slipped 0.25%, while South Korea's Kospi fell 0.7%.
'Certain companies will make huge profits despite the Covid crisis'
Coronavirus or COVID-19 has spooked not just the Indian stock market but global stock markets as well. ET wealth studies the impact of the pandemic virus.
Bulls seem to have the upper hand in currency markets, with the US dollar down 0.3% for the week, and riskier currencies such as the Australian dollar marginally ahead.
‘We are going to see very divergent or selective consumption patterns for the next few quarters’
The Dow Jones Industrial Average was down 1.73 points, or 0.01 per cent, at 25,444.21.
Its shares have lost 37% in 2020, set for a fourth straight annual decline.
The benchmark Nikkei average fell 1.2% to 22,259.79, its lowest closing level since June 15.
The S&P/ASX 200 index ended 2.5% lower at 5,817.7 in its worst session since June 12.
The pan-European STOXX 600 fell 1.1% by 0717 GMT, led lower by travel & leisure, bank and oil & gas stocks.
Markets in Hong Kong and mainland China are closed for public holidays on Thursday.
The Dow Jones Industrial Average was down 511.17 points, or 1.95 per cent, at 25,644.93.
Many U.S. states have reported record daily increases in COVID-19 infections in recent weeks.
The S&P/ASX 200 index ended up 0.2% at 5,965.70 to a fourth straight session of muted gains.
The benchmark Nikkei average closed 0.07% lower at 22,534.32, with 59 advancers against 163 decliners.
China's stock market will be closed on Thursday and Friday for the Dragon Boat Festival.
The Dow Jones Industrial Average was up 171.55 points, or 0.66%, at 26,196.51.
US oil rigs contracted for drilling dropped by 10 to 189 last week.
The Dow Jones Industrial Average was up 21.37 points, or 0.08 per cent, at 25,892.83.
American equities are in very good company.
Net profit increased led by a 24% growth in revenues to Rs 1,444 crore from Rs 1,165 crore in fiscal 2019.
The company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025.
The start-up board ChiNext Composite index climbed 1.01 per cent, its highest since Jan. 7, 2016.
The pan-European STOXX 600 index slid 1 per cent by 0710 GMT, with travel and leisure, oil and gas, and bank stocks leading losses.
The benchmark Nikkei share average retreated from early slight gains and finished 0.18 per cent lower at 22,437.27, with 72 advancers against 147 decliners.
Tthe Dow Jones Industrial Average was up 154.52 points, or 0.59 per cent, at 26,234.62.
Red-chip stocks are those incorporated outside mainland China but listed on Chinese bourses.
The STOXX 600 index is set to end the week higher on Friday, recovering about 36 per cent from its March lows on massive stimulus and less-than-dire economic data.
The Shanghai Composite index closed up 0.96 per cent at 2,967.63, while the blue-chip CSI300 index ended 1.34 per cent higher.
The Nikkei share average ended higher by 0.55 per cent to 22,478.79 on Friday.
The S&P/ASX 200 index ended up 0.1 per cent at 5,942.6 points, having gained as much as 1.2 per cent earlier.
Dow Jones Industrial Average was down 2.98 points, or 0.01 per cent, at 26,116.63.
The bank's monetary policy committee opted against cutting its main interest rate.
Sensex erases entire gains, ends 81 points lower; Nifty slips below 9,250; Hero Moto, Bajaj Auto climb 6% each.Sensex falls 81 points, Nifty below 9,250 amid weak cues from global market
The benchmark Nikkei average fell 0.45 per cent to 22,355.46, with 58 advancers against 161 decliners.
The S&P/ASX 200 index ended down 0.92 per cent at 5,936.8 points.
At the close, the Shanghai Composite index was up 0.12 per cent at 2,939.32, while the blue-chip CSI300 index was up 0.67 per cent.
Oil & gas and miners led declines among European sector indexes, while retailers eked out gains at the open.
The Dow Jones Industrial Average was down 25.50 points, or 0.10 per cent, at 26,264.48.
The Nikkei had posted its biggest intraday percentage gain in three months in the previous session.
Healthcare stocks remained in focus for investors, boosting the STOXX 600 by the most, while the European travel & leisure sub-index fell in early trading.
At the close, the Shanghai Composite index was up 0.14 per cent at 2,935.87.
Last year, plans for an inaugural offshore sovereign bond provoked a wave of controversy.
Geopolitics also lurked as a worry with India reporting 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site.
The Dow Jones Industrial Average was up 421.70 points, or 1.64 per cent, at 26,184.86.
BofA surveyed 190 fund managers with $560 billion in assets as part of the global poll.
The S&P/NZX 50 index rose 0.8 per cent to finish the session at 10,953.85.
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