 "A man looks at a board displaying the Nikkei average in Tokyo")
Asian stock markets rallied on Wednesday after sliding to 3-year lows, but concerns lingered over slumping commodities prices and China's cooling economy.
European markets were set to follow Asia higher, with financial spreadbetters expecting Britain's FTSE 100, Germany's DAX and France's CAC 40 to open as much as 1.2% higher.
US stock futures rose 0.8%, suggesting a stronger opening on Wall Street later in the session.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.6% after plumbing its lowest since June 2012 on Tuesday on fears that China's slowdown would curb its huge appetite for commodities and resources.
The index was on track for a 2.9% decline in September, extending losses for the quarter to 17.7%, its worst quarterly performance in four years.
Japan's Nikkei brushed aside an unexpected drop in the country's industrial output to close up 2.7%, paring losses for the quarter to 14.1%, its deepest since 2010.
"The current environment represents a winding back of the overly bullish expectations of both commodity demand and Chinese growth – to a more balanced expectation of progressive, not exponential, growth," said Angus Gluskie, managing director of White Funds Management in Sydney.
Demand for the safe-haven yen eased as global stocks steadied and some semblance of calm returned to markets, but traders said month-end and quarter-end flows meant that volatility is likely to remain a feature.
The dollar index against a basket of major currencies edged up 0.2%. The dollar fetched 119.96 yen, having turned around from a low of 119.24. The euro slipped 0.1% to $1.1231.
Commodity currencies languished, with the Canadian dollar slipping 0.1% to an 11-year low of C$1.3407.
Traders said US nonfarm payrolls data on Friday could help strengthen, or weaken, the case for the Federal Reserve raising US interest rates before the end of the year, thus setting the tone for the dollar.
The market will also be keeping an eye on Fed Chair Janet Yellen, who is due to give welcome remarks at a conference later on Wednesday.
And commodities and global financial markets face a major test of nerves on Thursday, when the closely-watched Chinese Purchasing Managers' Index (PMI) is likely to show the country's factory sector shrank for the second month in a row in September.
China's CSI300 climbed 1.2%, helping reduce losses for the quarter to 28%. The Hang Seng's 1.7% gain also helped shrink losses to 20% for the quarter.
South Korea's Kospi reversed earlier losses to end the day 1% higher, paring losses to 5.4% for the quarter.
Australian shares closed up 2.1%, for a quarterly decline of 8%.
"Global equities are closing in on their worst quarter since 2011, with a number of factors fuelling fears in an already jittery market, including weak global growth, driven by deceleration in emerging markets, particularly China," strategists at Barclays wrote.
"We recommend overweight positions in Japanese and European equities."
Investors drew some relief as mining and trading giant Glencore recovered 16.9% overnight having falen to a record low at the start of the week on concerns over the company's ability to withstand a prolonged decline in metals prices.
Benchmark three-month copper on the London Metal Exchange rose 0.9% to $5,013 a tonne, compared with a six-year low of $4,855 hit in August.
Prices of other industrial metals like aluminium and zinc also halted their recent routs overnight.
Crude oil futures dipped after US inventories showed a weekly buildup that far exceeded analysts' expectations. [ID: nL3N12016M]
US crude fell 0.6% to $44.95 a barrell, while Brent slid 0.4% to $48.05.
