Australia added 58.6K to its work force in October, vastly surpassing the 14.8K addition expected, pushing the unemployment rate down to a five-month low at 5.9%. The positive results helped Australia's main index S&P\ASX 200 rise 0.21%, while the Aussie rallied 1.06% to $0.7136.

Japan's core machinery orders rose by 7.5% m\m in September, helping Japan's Nikkei erase earlier losses and gain 0.07% on Thursday. Korea's Central bank kept interest rate unchanged for the fifth straight month, in a move that didn't help Korea's KOSPI index, which fell 0.27%. China's Shanghai fell 1%, while India's Nifty rose 0.54%.

Wall Street ended Wednesday's trading with losses, with Dow Jones down 55 points, or 0.32% to 17,702. NASDAQ fell 16 points, or 0.32% to 5,067. S&P 500 lost 6.7 points, or 0.32% to 2,075.

Dollar edged down, with its index off by 0.08% to 98.97. It lost 0.12% against Euro to 1.0755. It fell 0.04% against Sterling to 1.5219. Yen rose 0.06% against the dollar to 122.93.

Euro inched higher, with its index up 0.14% to 86.63. It gained 0.10% against Sterling to 0.7068. It gained 0.16% against Yen to 132.21.

U.S. crude futures recovered some of its losses, rising 28 cents, or 0.65% to $43.21 a barrel. Brent futures for December gained 29 cents, or 0.61% to $46.93 a barrel.

Gold futures rose $2.50, or 0.23% to $1,087.40 an ounce, while Silver futures gained eight cents, or 0.57% to $14.34 an ounce.

The Eurozone industrial production for September is forecast to have fallen 0.1% m\m. Any negative result would weigh on the Euro's stunted recovery.

from U.S., unemployment claims are forecast at 270K for last week, slightly lower than the previous week's 276K. Lower claims mean less job layoffs, which is greatly positive for the Dollar.

Also from U.S., crude oil inventories are forecast to have grown a tiny 0.8M in the last week, lower than the previous week's 2.8M rise. Higher inventories are a sign of a supply glut, which puts bearish pressure on oil prices.