On Wednesday, stocks saw a decline, with oil prices touching their lowest levels since end of June month. WTI saw a decline to $69.38 a barrel and 10-year treasury yields fell to ~4.121%. Performance of global indexes were affected by the economic data sets, with ADP’s report showing that companies added ~103,000 private-sector jobs for the month of November, as compared to the Factset’s estimates of ~120,000. Adding to the previous gains, Bitcoin rally exhibited no signs of stopping, despite JPMorgan’s Jamie Dimon emphasising that he has always opposed crypto since beginning. Coming to overall performance of global indexes, Dow Jones Industrial Average saw a moderate decline of ~70 points, or ~0.2% to end the session at 36,054.43, with S&P 500 decline ~0.4% to close at 4,549.34. This index opened in green and continued to slid throughout the day. Finally, Nasdaq Composite saw a fall of ~0.6%. 10-year treasury yield fell ~0.050 percentage point to end at ~4.121% on Wednesday after the decline to ~4.171% seen on Tuesday. Brent crude, the benchmark, fell by ~3.76% to close at $74.30 Wednesday. Global market analysts and traders continue to remain uncertain regarding the supply. Organization of the Petroleum Exporting Countries or OPEC+ have been reducing supply since 2022 and they have decided to deepen their cuts in the last week. While the US markets ended lower, Asian stocks have showed some positive momentum as these stocks closed higher on Wednesday. Therefore, Asian stocks made up for the losses as these stocks had seen continuous declines which pushed Hong Kong’s benchmark index to the lowest level in over a year. The tensions pertaining to the China’s slowing economy are still there, however, the investors have decided to step in and purchase stocks for now. Hong Kong’s Hang Seng saw an increase of ~0.8%, and Shanghai Composite saw a marginal fall of only ~0.1%. Tokyo’s Nikkei 225 went up by ~2%. Expectations that the interest rates have peaked among the major central banks have also supported the performance of the Asian equities. Coming to the Indian stock market, Sensex and Nifty ended higher for the 7th straight session and touched their fresh lifetime highs Wednesday. These gains were supported by Reliance Industries, ITC and L&T amidst continuous inflows of foreign funds. Besides, lower crude oil prices supported the increase in benchmark indexes. BSE Sensex increased ~357.59 points, or 0.52%, to settle the day at ~69,653.73. Nifty50 too ended higher, climbing ~82.60 points, or 0.40%, to touch the fresh peak of ~20,937.70. Read Also: Stock market updates: Gold rallies as stocks decline US jobs report: Indexes get support from favourable economic data Top 3 Stocks Recommended by JP Morgan for Long-term Top cryptocurrencies to buy for the next quarter