China's Two Sessions meetings, when growth targets will be announced, begin on 4 March.

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Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

The Dow managed to hold above the trend support to rebound towards 49800.

Moderna shares swung in early trading after European regulators backed its combination flu-COVID vaccine.

USD/CAD is struggling to clear the 1.37–1.3750 resistance zone, with a breakout targeting the 200-day EMA near 1.3832 while 1.3550 and 1.35 mark key support below.

US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December.