In Europe, German lawmakers are due to vote today after the Finance Ministry asked parliament to support the 100bn Euro aid package for Spanish banks. On the corporate front, blue chip names Novartis and Akzo Nobel have both released better than expected earnings. Also expect a move in Billiton first thing as the stock rose 3% in overnight trading on a Deutsche Bank report suggesting the company will spend $22bn in 2013 on new projects and expansion. European futures are looking around 0.5% better.

 

Posted by Philip Ball | Sales and Trading