Asian equity markets were mixed on Wednesday with Japan leading losses on the back of a slightly stronger currency while Chinese shares rallied on news of financial reforms.
Caution ahead of Friday's closely-anticipated nonfarm payrolls report also weighed on sentiment. Reuters economists are eyeing an increase of 180,000 jobs for November, down from October's 204,000 figure.
Thursday's European Central Bank (ECB) meeting is in focus, with analysts awaiting the central bank's economic forecasts. If the ECB indicates inflation will remain below its target into 2015, it may mean new liquidity measures next year.
(Read more: World growth set to rise in 2014: Credit Suisse)