Markets mostly rose Wednesday, following a resumption of Wall Street's rally, but gains were muted as investors await the last tranche of US data before next week's Federal Reserve meeting.

With a third successive interest rate cut already priced in, trading has softened ahead of key indicators this week that could still play a role in the central bank's planning over the next year.

Most in focus are the private jobs report from payrolls firm ADP, which is due later Wednesday, and Friday's personal consumption expenditure (PCE) index, which is the Fed's preferred gauge of inflation.

Money markets have put the chances of a December 10 cut at around 90 percent, with another three forecast by the end of next year.

The optimism has also been boosted by reports that President Donald Trump's

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