Asian markets are firmer this morning, with notably South Korea's industrial output rising for the first time in 4 months. Elsewhere, GDP data released by Taiwan was better than expected and Singapore's jobless rate fell. Industrial and Commercial Bank of China gained over 1% in Hong Kong after better earnings, whilst PetroChina fell over 3% after missing with their results.
In Europe today, we have French Producer prices and consumer spending data and Italy will release Unemployment figures. Barclays are indicating lower after releasing numbers which were in line to slightly disappointing but were cautious on the outlook, whilst Mittal reported in line results but very little news on disposals which may disappoint. European equity futures are looking flat.
Trading is due to resume in US markets today, and we have earnings due from Cummins ($1.83), GM (60c), Eaton ($1.09), Mastercard ($5.92), Visa ($1.5) among others.
Philip Ball | Sales and Trading