Opening calls are indicating a flat opening this morning.
The Nikkei Average is trading flat in the current session.
U.S. stocks ended mixed Tuesday, with a technology sector rally bucking a broader decline, as investors await the next step after Slovakia voted against overhauling the European bailout fund.
The Dow Jones industrial average fell 17 points, or 0.1%, to end at 11,416. The S&P 500 ended little changed at 1,195. The Nasdaq composite gained 17 points, or 0.6%, to 2,583
European Commission President Jose Manuel Barroso will address the European Parliament on Wednesday, where he is expected to provide further details on plans to recapitalize struggling euro zone banks. Barroso will speak in Brussels at 14:00 London time.
Corporate releases on Wednesday include Dutch semiconductor firm ASML Holding.
Luxury fashion brand Burberry will release second quarter figures on Wednesday, but revenues could be stifled by slowing Chinese growth and fears of a return to recession in Europe. Shares in the British brand peaked in July, but have fallen by as much as 25 percent, with concerns over the previously lucrative Chinese market.
UK unemployment figures are announced at 9:30, followed by EU industrial production data at 10:00.
The IEA oil market report will be available from 9:00 London time.