That's more chaos and confusion for a market already frustrated by the missteps of Britain's new government and more gossip about embattled Swiss bank Credit Suisse. Yet stock markets are up, the dollar is down and investors are latching on to some signs that global monetary hawkishness may have peaked.
Overnight, U.S. job openings fell by the most in nearly 2-1/2 years in August, which investors were quick to jump on as a sign the Fed could now be less aggressive. Stocks across the globe have risen, and a slew of data from Europe on Wednesday will provide investors with more clarity.
Meanwhile, just a day after a dovish turn by the Reserve Bank of Australia, New Zealand's central bank was assertively hawkish and determined to keep raising rates.
Sterling also weakened on Wednesday, giving up some of its sharp gains from record lows a week ago. Liz Truss will be back in the headlines on Wednesday as the UK prime minister presses her message that Britain needs "to do things differently" to kickstart stagnant growth.
In her first speech to the party faithful as Conservative leader, Truss will hope to regain some of the trust after a dramatic a U-turn this week on one of her tax cuts.
Key developments that could influence markets on Wednesday:
ZURICH - Board Member Andrea Maechler of the Swiss National Bank (SNB) speaks at an event about inflation, rates -1130 GMT
ATLANTA - Federal Reserve Bank of Atlanta President Raphael Bostic speaks - 2000 GMT.
STOCKHOLM - Riksbank executive board meeting - 0700 GMT.
U.S. 4-month T-bills auction
Economic data - Germany trade, France industrial production, Euro zone services PMI, U.S. ISM non-manufacturing PMI, U.S. international trade, Brazil industrial production
(Reporting by Ankur Banerjee; Editing by Vidya Ranganathan and Sam Holmes)
A look at the day ahead in European and global markets from Ankur Banerjee:
