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An index measuring the service sectors in China came in with a score of 52.4 in September, the HSBC/Markit Services PMI revealed on Tuesday.

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The total number of job advertisements in Australia was up a seasonally adjusted 0.2 percent in September compared to the previous month, the latest survey from Australia and New Zealand Banking Group revealed on Tuesday.

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The International Monetary Fund on Tuesday trimmed its global growth forecasts for this year and next, given the policy challenges in the U.S. and slowing growth in the emerging markets. In its latest World Economic Report, the lender cut its growth forecast for this year to 2.9 percent from 3.1 percent seen in July. The outlook for 2014 was lowered to 3.6 percent from 3.8 percent.

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German factory orders declined unexpectedly in August due to a fall in euro area demand, while overall shipments from the largest Eurozone nation recovered from July. Confounding expectations for a 1.1 percent rise, factory orders logged a 0.3 percent month-on-month drop in August. This was the second consecutive decrease in orders.

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The members of the Bank of Japan's monetary policy board said that the Japanese economy is seeing a moderate recovery, minutes from the board's meeting on September 4 and 5 revealed on Wednesday - upgrading its previous assessment. However, the members cautioned that the Japanese economy is not yet out of the woods and continues to face a high degree of uncertainty.

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An index measuring consumer confidence in Australia was down a seasonally adjusted 2.1 percent on month in October to a score of 108.3, the latest survey from Westpac and the Melbourne Institute revealed on Wednesday.

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U.K. industrial production declined unexpectedly in August and at the fastest pace since September, driven by downward contributions from all main sectors, especially the dominant manufacturing activity, official data showed. In the same month, the visible trade gap narrowed from July, but the shortfall for the three months to August increased, raising concerns about the third quarter growth.

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Luxembourg's consumer price inflation eased for the third straight month in September, data released by the statistical agency STATEC showed Wednesday.

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Buoyed by a marked pick up in capital goods, Germany's industrial production increased at a faster-than-expected pace in August, brightening the outlook for the economy that started recovering in the June quarter.

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Australia will on Thursday release September figures for unemployment, highlighting a busy day in Asia-Pacific economic activity.

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