* Polish corporate sector wages rise
* Poland's industrial output falls; PPI cools
* Turkey's consumer confidence index rises
* Stocks, FX up 0.1% each
Dec 20 (Reuters) - Emerging market stocks and currencies were marginally higher on Wednesday as wagers on U.S. interest rate cuts lingered on, while the Polish zloty nudged down against the euro after a mixed batch of economic data.
MSCI's gauge of emerging market stocks inched up 0.1%, while a basket of currencies ticked 0.1% higher against the dollar by 0956 GMT.
The rally across the emerging market assets continued to gain muscle after the Fed last week alluded to likely rate cuts next year, despite pushback from some policymakers.
The Polish zloty slipped 0.1% against the euro, after a batch of mixed economic data.
Poland's corporate sector wages rose by an annual 11.8% in November, above analysts' expectations of 11.2%, while industrial output fell by 0.7% year-on-year in November compared with analysts' forecasts of a 0.7% rise.
On an annual basis, Polish producer prices cooled more than expected in November.
The Hungarian forint remained steady a day after the country's central bank cut its base rate as expected by another 75 basis points to 10.75%.
Post the policy decision, central bank Deputy Governor Barnabas Virag said the benchmark base rate can fall into the single-digit range in the "near future".
"While the statement and press conference pretty much reiterated the (Hungary) central bank's familiar cautious stance, there were some minor tweaks to the messaging - just enough to meaningfully open up the possibility of a dovish shift in the easing cycle," ING said in a note.
Across Asia, stocks were mixed, while China was a stand-out with both the Shanghai Composite index and the blue-chips dropping 1% each as it stood pat on benchmark lending rates, matching market expectations.
The blue-chip CSI 300 index hit over a four-year low.
Turkey's lira was steady at 29.1275 against the greenback ahead of a key central bank decision on Thursday.
The country's consumer confidence index rose to 77.4 points in December from 75.5 points last month, data showed.
In South America, Chile's central bank cut its benchmark interest rate on Tuesday by 75 basis points (bps) to settle at 8.25% and was larger than the 50 bps cut estimated in a central bank poll last week by traders.
S&P Global Ratings upgraded Brazil's long-term ratings to "BB" from "BB-" on Tuesday following the approval of a landmark tax reform and positioning Latin America's largest economy just two steps from an investment-grade rating on the S&P scale.
The U.S. and China on downgrade warnings, Turkey hoping for its first upgrade in a decade and Israel facing its first cut - plus more than 50 elections to navigate - means 2024 could bring pivotal moves in some sovereign credit ratings.
(Reporting by Siddarth S in Bengaluru; Editing by Shweta Agarwal)
