Global Markets Up on Asian Rally, Commodities Rise Ahead of Higher US Open

Asian markets rally on Wednesday, with Japan's Nikkei gaining 0.71% and Hong Kong's Hang Seng up 1.84%.

European markets also rise, led by a 0.81% increase in the UK's FTSE 100 following mild economic recovery data.

Commodities on the rise, with oil and gold both trading higher. Gold shines near $1,894.

US futures point to a higher open, with Dow futures up 0.35%.

The US dollar index slips 0.10% lower to 105.71.