Asian markets mixed this morning, but the tone if anything positive with Japan again performing well up 2%, as the likelihood of an opposition win in next weeks' election increases and probable fresh easing with it. China again lagged being almost 1% lower as investors were sceptical of the ability of new leaders to maintain recent growth trends.

In Europe, German Chancellor Merkel's CDU party wants the ECB to limit purchases of sovereign bonds of highly indebted Eurozone states. We have Bloomberg Economic surveys for Europe today and Eurozone trade balance data. Equity futures are flat, with the Euro off highs at 1.2755.

In the US today, we have Industrial and Manufacturing production data, US futures are unchanged in early trade.

Philip Ball | Sales and Trading