Market Reactions Amid Mixed Economic Signals

Global equity markets struggled as investors reacted to mixed economic data, with concerns over U.S. growth still a focal point. Oil prices continued to decline, while safe-haven assets like U.S. Treasuries and Japan's yen saw increased demand. Wall Street indexes fluctuated amid cautious investor sentiment.

Global equity markets took a hit for the third consecutive day on Wednesday, reflecting mounting investor anxiety over mixed economic data. Oil prices continued their downward slide, while safe-haven assets like U.S. Treasuries and Japan's yen attracted increased demand.

Wall Street saw the S&P 500 dip as investors toggled between optimism and concern. This came after U.S. job openings data fell to its lowest level since early 2021, substantiating fears of a slowing economy. Key economic releases later in the week are anticipated to influence Federal Reserve rate decisions.

Additionally, U.S. Treasuries witnessed declining yields and the yield curve turned positive briefly. Analysts noted that Friday's nonfarm payrolls report will be critical in gauging the health of the U.S. economy and shaping future monetary policy.

(With inputs from agencies.)