The European Central Bank will go for another jumbo 75 basis point increase to its deposit and refinancing rates when it meets on Oct. 27 as it tries to contain inflation running at five times its target, a Reuters poll found.

Japanese authorities repeated their warnings about the yen's precipitous fall against the dollar on Wednesday, with Finance Minister Shunichi Suzuki saying he was "meticulously" checking currency rates with more frequency, local media reported.

The dollar hung close to a 32-year peak versus the yen on Wednesday while edging up from a two-week trough against a basket of major peers as traders weighed improved risk sentiment against the prospect of aggressive Federal Reserve rate hikes.

U.S. factory output rose more than expected in September, as the supply chain bottlenecks that dogged the industry earlier in the year continued to ease.

Oil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year. 

China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, according to an updated calendar on the statistics bureau's website.