Asian shares stood near two-month highs on Wednesday as investors looked to President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies.

 Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income. For now, at least, no international risk stands out

 U.S. economic activity continued to expand across most regions and sectors from late November through the end of December, driven by consumer spending and industrial production,

 Tumultuous weeks of government shutdown and default risks proved to be costly to the U.S. economy, but the country will be resilient enough to withstand the blow, said U.S. Treasury Secretary on Sunday.

 The U.S. Federal Reserve announced on Wednesday that it would keep its monthly pace of bond purchases unchanged for now to stimulate the economy.

The real gross domestic product of the United States expanded at an annual rate of 2.5 percent in the second quarter this year, the best performance since the third quarter of last year, boosted by ongoing recovery of U.S. housing market

 Growth of U.S. economy will remain tepid through 2013, before accelerating in 2014, said the International Monetary Fund (IMF) on Friday.

 The global economy still faces risks of prolonged slump in Europe where stronger actions are needed to boost demand, the senior U.S. treasury department official said on Monday.