After a busy Tuesday, markets should be facing a lighter calendar on Wednesday ahead of the holiday weekend.
Stocks might have some investors thinking bubble, but two charts should put that notion to rest.
Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, pulling further away from more than two-year highs probed earlier this week. Japan's Nikkei share average ended down 0.5 percent, facing headwinds from the dollar's reversal of its rise against the yen.