Asian markets are weaker this morning on profit taking. The Nikkei was down around 2% at one stage with the Yen falling back down through the 93 level. Kirin Holdings, Japan's largest drink maker, fell around 5% after the company said that profit growth would be lower than forecasts.

In Europe, markets are looking set to open slightly lower following yesterdays pullback on profit taking following weaker than expected GDP data out of Germany and France. Today we have Eurozone trade balance data and Aegon, Eni and Anglo American have reported earnings.

In the US, markets shrugged off early session losses to close near to unchanged on the day. Look out for industrial data, and also worth noting the beginning of a G20 meeting in Moscow today.

Philip Ball | Sales and Trading