Asian shares took a breather from recent rallies on Thursday though sentiment was underpinned by the U.S. Federal Reserve's pledge to retain its stimulus policy and on signs of stabilization in the euro zone.
U.S. stock index futures pointed to a slightly higher open on Wednesday, with eyes on the Federal Reserve’s first policy statement of 2013.
European shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
Stocks took a breather after an eight day run, but the bull isn't ready to give up yet. The S&P 500 lost 2 points Monday to end at the psychologically important 1500 level, in its first decline in eight days. The Dow lost 14, to 13,881, its first drop in six days. The Nasdaq, meanwhile, closed higher, up 4 at 3154, as Apple gained more than 2 percent after last week's steep decline.
Stocks closed higher on Tuesday as the Dow marched toward the 14,000 level and investors looked ahead to Wednesday's Federal Reserve policy announcement. A gain in the energy sector following strong earnings from refiner Valero and big gains in the pharma sector after Pfizer's solid earnings report supported stocks.
U.S. stock index futures pointed to a lower open on Tuesday, with investors cautious ahead of the Federal Reserve’s announcement on monetary policy on Wednesday.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.