The Turkish lira steadied against the dollar and shares firmed in early trading on Thursday, as analysts took the view that U.S. monetary authorities would not tighten their policy immediately.

One factor driving this sentiment was tension over the situation in Syria.

German unemployment registered a surprising rise in August, due to a scaling back of job creation schemes, official data showed on Thursday.

The number of people registered as unemployed in Europe's top economy rose by 7,000 in seasonally adjusted terms this month, the Federal Labor Office said in a statement, while analysts had been expecting a drop of around 5,000.

Spain's two-year, job-wrecking recession eased in the second quarter of 2013, official data showed Thursday, as Madrid anticipated an imminent, export-powered end to the downturn.

Activity in the eurozone's fourth largest economy shrank by 0.1 percent in the April-June period when compared to the previous quarter, the National Statistics Institute said in a report.

New York's financial regulator is investigating insurer Lloyds of London for suspected violations of U.S. sanctions forbidding dealings with Iran, a source told Agence France Presse Wednesday.

The state's Department of Financial Services is seeking information on Lloyds' own internal probe into whether it issued insurance contracts for companies trading commodities with Iran.

Lending to businesses in the debt-mired eurozone contracted sharply in July, data published by the European Central Bank showed on Wednesday, a potential source of concern for economic recovery.

Private sector loans dropped by 1.9 percent in July in a year-on-year comparison, the ECB said, after already contracting by 1.6 percent in June.

Oil prices soared in Asia on Wednesday as Western powers prepared for possible military action against Syria over the regime's alleged use of chemical weapons.

Analysts say a military strike targeting President Bashar al-Assad's regime could further ratchet up tensions in the oil-producing Middle East, already wracked by the festering political crisis in Egypt.

China's leaders will gather in November for a key meeting on economic reforms, state media said Wednesday, the third time they will have met since a generational handover of power last year.

The Third Plenum of the ruling Communist Party's 200-member Central Committee could focus on reforming finance and taxation among other areas, the state-run Global Times newspaper said.

The Gulf sultanate of Oman is in talks to buy Iranian gas in a 25-year deal worth around $60 billion, Iranian Oil Minister Bijan Namdar Zanganeh said Tuesday.

Zanganeh said Iran and Oman had "signed a memorandum of understanding for the construction of a gas pipeline" under the Sea of Oman, on the east of the strategic Strait of Hormuz, the official IRNA news agency reported.

Half a dozen new five-star hotels, flagship stores for Louis Vuitton, Prada and Emporio Armani: Vienna is undergoing a luxury facelift that is delighting Arab, Asian and Russian tourists, as well as locals.

Always the epitome of elegance and culture, the Austrian capital was long set on tradition.

Less than a month before German elections, the eurozone crisis has entered the campaign battle, giving the opposition badly needed ammunition for an attack against popular Chancellor Angela Merkel.

"This naturally spells a certain risk for the conservative Merkel, because so far the Germans have felt their savings were secure" despite the crisis, said Lothar Probst, a political scientist at Bremen University.