Asian markets rallied this morning boosted by the Nikkei after a rise of almost 4%, after Toyota raised their profit guidance to levels not seen in 5 years, the stock rallied 5%. Elsewhere, the Australian dollar fell to year lows after data released showed a fourth consecutive monthly drop in retail sales.
European futures are pretty flat in early trade, ahead of data showing monthly German factory orders and UK house prices. Glaxo, Volvo, Arcelor and Syngenta are among names to report today.
In the US, markets bounced and retraced most of Monday's losses but the Dow couldn't hold above the 14000 level, as markets tested recent highs. Today we have earnings from Cummins($1.75), Time Warner ($1.10), News Corp (43c) and Visa ($1.78).
Philip Ball | Sales and Trading