Asian markets are firmer, with the exception of Japan, on better than expected trade data out of China. The Nikkei traded almost 2% lower after Sony unexpectedly announced a quarterly loss with the shares falling over 10%.

In Europe, the ECB's Draghi yesterday said that the higher Euro could impede the area's recovery prospects and that the bank would continue their accomodative stance. With this the Euro fell sharply, falling over 1% to settle around 1.34. European equity futures are pointing to a slightly firmer open. Today look out for German trade balance and import data.

US markets shrugged off early losses, aided by a strong move higher from Apple. Today we have Trade balance numbers and wholesale inventory data. Moody's (71c) and AOL (54c) among names reporting today.

Philip Ball | Sales and Trading