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US stocks edged slightly higher on Wednesday. Bitcoin briefly dipped below $20,000 as crypto continues to struggle.

Yes, the first-quarter GDP report showed the economy backsliding. But a closer look at the details reveals the recovery is holding strong.

South Africas gross domestic product (GDP) increased by 1.2% in the fourth quarter of 2021, according to data released by Stats South Africa on Tuesday.

Japan admits overstating some government economic data for years

Benchmark market indices rose as IT stocks gained in early trade. Investors also await official Q2 GDP data that will be released later in the day.

US economic output grew at an annualized rate of 2.0% in the third quarter, missing the average economist estimate of a 2.7% pace.

Read more about The bull ride on Business Standard. Retail exuberance keeps stock markets going

The blue-chip NSE Nifty 50 index rose 0.18% to 15,611.30 by 9:15 am, while the benchmark S&P BSE Sensex climbed 0.19% to 52,026.39. Both the indexes closed 1% higher on Monday, building upon gains posted last week.

The blue-chip NSE Nifty 50 index rose 0.95% to 15,582.80 at close, while the benchmark S&P BSE Sensex climbed 1% to 51,937.44. The

In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.