The ruble is firmer

The Russian ruble is firmer amid oil gains.

The currency is up by 0.4% at 62.4191 per dollar.

Meanwhile, prices for Brent crude oil, the international benchmark, are up by 1.7% at $51.73 per barrel.

Separately, data released on Tuesday showed that Russian inflation dipped 6.4% year-over-year in September - the slowest rate since February 2014.

As for the rest of the world, here's the scoreboard as of 7:43 a.m. ET.

• The euro is up by 0.2% at 1.1224 against the dollar after the eurozone's services PMI came in at 52.2 for September, above expectations of 52.1.
• The British pound fell below $1.27 in early trade on Wednesday. It has since recovered some of its losses and is now little changed for the day at 1.2734 against the dollar after manufacturing PMI came in at 55.4, above economists' expectations of 52.1.
• The US dollar index is little changed at 96.04 ahead of ADP Employment Change, the trade balance, Markit US Services PMI, ISM non-manufacturing, factory orders, and durable goods.
• The Australian dollar is little changed at .7620 per dollar.
• The Japanese yen is down by 0.2% at 103.08 per dollar.

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