Asian markets produced mixed results on Wednesday, with Japan's Nikkei up 0.17%. China's Shanghai index fell 0.42%. Korea's KOSPI shed 0.11%. Australia's S&P\ASX 200 index gained 0.41%. India's Nifty plunged 1.67%.
Wall Street ended Tuesday's trading with a shaky foot, with Dow Jones recording a slight gain of 27 points, or 0.16% to 17,758. NASDAQ was led down by a 3% fall in Apple shares, the index lost 12 points, or 0.24% to 5,083. S&P 500 rose 3 points, or 0.25% to 2,081.
U.S. import prices fell 0.5% m\m in October, a bad sign for inflation, while U.S. wholesale inventories rose by a more than expected 0.5% in September m\m. Dollar retreated from its recent highs, with its index down 0.26% to 99.01. It lost 0.30% against Euro to 1.0757. It eased back 0.32% against Sterling to 1.5167. It fell 0.22% against Yen to 122.89.
Euro pushed back against its recent losses, with its index rising 0.19% to 86.63. It gained 0.07% against Yen to 132.17. It traded near its close price against Sterling at 0.7092.
U.S. crude prices fell after reports indicated a build-up in oil inventories last week, the crude futures lost 46 cents, or 1.03% to $43.76 a barrel. Brent futures were more muted, gaining 5 cents, or 0.11% to $47.90 a barrel.
Gold futures rose on the back of the retreating dollar, gaining 3 dollars, or 0.28% to $1,091.50 an ounce. Silver futures rose 10 cents, or 0.72% to $14.46 an ounce.
A variety of economic indicators are awaited today, from China, industrial production for October is forecast to have grown 5.8% y\y, a touch higher than September's 5.7%. a lower result would enhance fears of China's slowdown, pushing stocks down.
From U.K., average earnings for the three months to September are forecast to have grown 3.2% y\y, a lower result would be bearish for Sterling. British unemployment rate is forecast to hold at 5.4% for September, same as August's, a lower result would be bullish for Sterling.
For the Aussie's traders, Australia's unemployment rate is forecast at 6.2% for October, same as September's, a higher result would be negative for Australian dollar, and vice versa.