Asian markets mixed with the highlight being China's Shanghai Composite rising the most in 3 weeks, up around 2%, following better than expected manufacturing  data. In Japan, Panasonic shares fell after reporting a much larger than expected loss of $9.6bn, Sony and Sharp are due to report today.

In Europe, data wise this morning we have UK PMI, the CBI have raised its UK economic outlook forecasts after a surge in Q3 growth. Royal Dutch Shell have announced numbers broadly in line, whilst BT have missed slightly. Equity futures are looking flat after markets closed at session lows yesterday.

In the US, today we have ADP employment data reported in its new form along with US jobless claims and ISM data,  futures are looking around 30bps lower, and today we have earnings from Pfizer (53c), Exxon ($1.96) and Kellogg (81c).

Philip Ball | Sales and Trading