Asian shares rallied on Wednesday, led by Japan's Nikkei, which rose 1.93%. China's Shanghai index jumped 2.77%, while India's Nifty gained 0.27%. Australia's S&P\ASX 200 index was almost flat, slipping 0.07%, while Korea's KOSPI slid 0.03%.
Wall Street ended Tuesday on a high note, with Dow Jones up 0.50%, at its highest level in 14 weeks at 17,918. S&P 500 rose to its highest in three months, gaining 0.27% to 2,109. NASDAQ rose 0.35%, also its highest in three months at 5,145.
Dollar was slightly up, with its index DXY gaining 0.08% to 97.33. It rose 0.09% against Euro to 1.0955. It inched up 0.02% against Sterling at 1.5419. It was flat against Yen at 121.06.
Euro touched its lowest level against Sterling in ten weeks, before erasing some of the losses, it last traded at 0.7103. It edged down against Yen to 132.61.
Crude oil prices took a step back after big gains yesterday. Brent futures for December fell 12 cents, or 0.23% to $50.34 a barrel. U.S. crude futures fell 20 cents, or 0.42% to $47.70 a barrel.
Canadian dollar was flat, trading at C$1.3056 per dollar. Australian dollar kept up its offensive, rising for the fourth day to $0.7201.
Gold futures posted positive results after a five-day losing streak, it last rose $6.40, or 0.57% to $1,120.50 an ounce. Silver futures gained two cents, or 0.17% to $15.26 an ounce.
From UK, Services PMI for October is forecast to come at 54.6, better than September's 53.3. Sterling has been stuck for over four sessions against a resistance range, and a surprisingly good result could help it break through.
From US, ISM non-manufacturing PMI is forecast to come at 56.6 for October, barely changed from September's 56.9. A lower than expected result would put doubt into the possibility of a Fed rate-hike in December, pushing the dollar down. Also from US, crude oil inventories are forecast to have grown 2.5M over the last week, an inventory build up is usually a factor of oil prices depreciation.
From Canada, Trade balance for September is forecast to come at -1.9B, better than August's -2.5B, a lower result in the negative balance would push the loonie higher.