OPEC as well as the U.S. Department of Energy are forecasting a decline in oil demand. Moreover, in China, the largest importer of oil in the world, assumptions about a decrease in demand also cause concern, since a decrease is very likely amid a new outbreak of COVID-19.

According to a statement made on Wednesday by Minister of Finance of Japan Shunichi Suzuki, the country’s government is committed to taking decisive actions towards financial markets in case any speculative movements of the national currency are spotted.

Credit Suisse on Wednesday revised downward its forecasts for Microsoft, stressing that overstocking and economic instability are causing "the steepest decline in the PC market in two decades."

After an underperforming rating for Boeing's shares and a $98 per-share price target for Boeing by Credit Suisse analysts, the company's stock tumbled about 1% ahead of Wednesday's open.

On Wednesday, Cisco Systems Inc. together with Microsoft announced their cooperation aimed at adding Microsoft’s Teams on Cisco's devices for meetings. The Microsoft Team communication platform is suggested to be offered as an alternative to Cisco’s service for video conferences called Webex.

Loretta Mester, acting as the head of the Federal Reserve Bank (FRB) of Cleveland, announced the need for further monetary tightening. According to data released Tuesday, measures taken by the U.S. Federal Reserve, were insufficient to reduce inflation.

Additional support from the Bank of England was provided for the British markets, which are still shaken by recent government statements in favor of tax reduction and increasing the volumes of borrowing.

Apple Inc and Samsung Electronics cellphones in India will receive a software update by December.

Updated expectations of Goldman Sachs on the auto industry have been recently made available to public. The company’s forecasts have been corrected to disclose the current market situation, which is complicated by hurdles in both financial and macroeconomic aspects, while the electric car industry has gained additional policy support, including the loosening of chip restrictions. In general, the Goldman Sachs expectations on the worldwide levels of automobile production and sales for the following three years have been lowered for some degree. At the same time, their projections on the electric car industry have been raised.

The daily limit on the purchase of bonds of the Bank of England increased twice.