Asian markets weaker overnight, with missed earnings from Apple and Amazon after US hours coupled with a miss from Hong Kong's China Unicom weighing on sentiment. Both Samsung and Taiwan Semiconductor Manufacturing beat estimates for earnings. Elsewhere, Japan announced 750bn Yen of further stimulus with the Yen trading at 4 month lows.

In Europe, Spain have approved 4.7bn Euros of loans from its regional liquidity fund for Valencia and Andalusia, and according to officials Greece needs an additional 30bn Euros in aid through until 2016. We have French and German consumer confidence data out this morning. European equity futures are pointing to an open around 40bps  lower.

Disappointing earnings from Apple and Amazon after the close have hit sentiment with US futures lower by around 70 bps. Today we have US GDP data with a consensus forecast of 1.8%. In corporate news Goodyear Tyres (59c), Merck (93c) and Moody's (62c) are among names reporting.

Philip Ball | Sales and Trading