Asian markets higher this morning after better than expected data out of China over the weekend, with the county's factory output and retail sales rising at the fastest pace since March. Elsewhere, data release in Japan confirmed a technical recession.

In Europe, Italy's premier Monti has said that he has lost the support of parliament and is ready to resign, causing a sell off in the Euro to under 1.29.  We have German import and export data, French manufacturing and industrial output and Italian GDP. European equity futures are indicating around 30 bps easier.

In the US, markets closed near session highs on Friday, after better than expected Non Farm Payroll data released earlier in the day. US futures are looking pretty much unchanged.

Philip Ball | Sales and Trading