- Most Asian stocks dipped on Wednesday, and bond yields fell, as traders considered the economic implications of tighter monetary policy while waiting for vital US data and the latest Federal Reserve minutes.

- For the third day in a row, MSCI Asia-pacific .'s share gauge fell. Energy and financials helped the S&P 500 eke out a gain, while the NASDAQ 100 continued its decline. Later in the day, a spate of reports on US economic activity and the cost of living are due.

- Treasuries rose, reversing some of their overnight decline. Bond market inflation forecasts have been moderated by the potential of the Fed removing stimulus more swiftly to combat price pressures, albeit they remain historically elevated.

- The New Zealand dollar fell after the country boosted interest rates to 0.75% to combat pricing pressures, a smaller move than some had anticipated. By the end of 2022, the central bank expects benchmark borrowing costs to be 2%.

- Analysts believe China's PPI may have peaked due to a decline in coal prices - CSJ.