U.S. private payrolls increased more than expected in October, offering more evidence of labor market resilience, but there are signs that the Federal Reserve's aggressive monetary policy tightening is weighing on interest rate-sensitive industries.

Asian shares wobbled in cautious trading on Wednesday while the dollar sagged slightly as investors braced for the U.S. Federal Reserve's policy outcome later in the global day with many looking for any signs of a slowdown in future rate hikes.

China's central bank governor said on Wednesday that the yuan will remain stable against a basket of currencies and expressed hopes for a soft landing in the country's property market.

Thailand's central bank expects the country's economy to grow 3.3% this year, its deputy central bank governor said on Wednesday, supported by consumption and the return of tourists.

British manufacturing last month suffered its biggest contraction since the depths of the first COVID-19 lockdown in May 2020, with optimism draining fast, a survey showed on Tuesday.

The last batch of U.S. economic data before the Federal Reserve's latest policy meeting showed much of the economy still in surprisingly rude health, casting doubt over the ability of the central bank to moderate the pace of its monetary tightening.