Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
The Bank of Korea's monetary policy board on Thursday voted to hold the nation's benchmark interest rate unchanged at the record low 1.25 percent for the eighth straight month.
That followed June's surprise rate cut by 25 basis points from 1.50 percent after 10 straight meetings without a move.
The dollar has begun to pull back following the release of the minutes from the most recent meeting of the Federal Reserve. The buck is turning in a mixed performance against its major rivals, holding onto gains against the British pound, but losing ground against both the Euro and the Yen.
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing home sales surged up by 3.3 percent to an annual rate of 5.69 million.
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the fourth quarter, slightly faster than the 0.6 percent growth estimated on January 26.
Hong Kong's economic growth is forecast to improve this year, driven by domestic demand and sustained increase in infrastructure and construction activities, Financial Secretary Paul Chan said in his 2017-18 budget speech on Wednesday. The economy is projected to grow 2-3 percent this year compared to a moderate growth of 1.9 percent in 2016.
Ifo business confidence survey from Germany and quarterly national accounts from the UK are the major reports due on Wednesday.
The total value of construction work done in Australia fell a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday - standing at A$46.263 billion.
That missed forecasts for an increase of 0.5 percent following the upwardly...
The dollar is holding onto slight gains against all of its major competitors at the start of this holiday shortened trading week. Economic data was sparse this morning, but investors can look forward to the release of the existing home sales report tomorrow morning, as well as the release of the FOMC...
Eurozone private sector activity gained momentum in February, amid strong job creation, robust order books and business optimism, leading to the fastest expansion in nearly six years.
The Bank of England will not hesitate to change policy if deemed appropriate, Governor Mark Carney said at a parliamentary committee hearing on Tuesday. The BoE Chief defended the bank's estimate on unemployment when Andrew Tyrie, the chairman of Parliament's Treasury Committee, questioned the bank's estimate of spare capacity.
Flash Purchasing managers' survey from euro area and public sector finance data from the U.K. are due on Tuesday, headlining a light day for the European economic news.
Singapore Finance Minister Heng Swee Keat announced a smaller budget surplus for the financial year ending March 31, 2018 in the annual budget on Monday. The budget position is prudent as expenditure is forecast to continue rising in the long term, he told lawmakers. A budget surplus of S$1.9 billion, or 0.4 percent of GDP, is expected in the fiscal 2017.
Thailand's economic growth eased to a one-year low, as expected, in the fourth quarter of 2016, reflecting weak private consumption, figures from the National Economic and Social Development Board revealed Monday. Gross domestic product climbed 3 percent year-on-year, slower than the 3.2 percent expansion seen in the third quarter. This was the slowest growth since the fourth quarter of 2015, wh