Global stocks rose Thursday as traders assessed the durability of the economic recovery to inflationary pressures and a looming reduction in the Federal Reserve’s pandemic-era stimulus.

Equities climbed in Japan, South Korea and Australia. U.S. futures pushed higher after Wall Street snapped a three-day losing streak, with the tech-heavy Nasdaq 100 outperforming the S&P 500.

India’s SGX Nifty 50 Index futures for October delivery rose 0.5% to 18,262.00, while MSCI Asia Pacific Index rose 0.4%. The NSE Nifty 50 Index added 0.9% Wednesday to close at 18,161. Foreign investors bought net Rs 255 crore of stocks on Tuesday, according to NSDL website.

Longer term Treasuries pared a rally, while a key part of the Treasury yield curve has flattened to around a one-year low. U.S. inflation held above 5% and Fed minutes signaled a tapering of bond purchases from mid-November or mid-December. Meanwhile, a 30-year Treasury auction drew strong demand.

Crude oil stabilized above $80 a barrel and gold was near the highest in nearly a month. In cryptocurrencies, Bitcoin has resumed its rally, taking the largest token above $57,000.

Back home, Infosys, Wipro, MindTree may react as the companies reported quarterly results after the market closed Wednesday. HCL Tech, Cyient, Indiabulls Real are among the companies scheduled to report earnings Thursday.

Government will release wholesale-price inflation for September, while industry group Siam is scheduled to release September auto sales data.