Asian markets mixed this morning after somewhat disappointing macro data. Chinese manufacturing slowed for the 2nd consecutive month, whilst Japanese retail sales fell for the 8th month out of 9. South Korean exports fell but the market is closed today for a public holiday.
In Europe, futures are broadly unchanged ahead of manufacturing data out of the region.
In the US markets reversed mid session gains as the potential for $85bn of spending cuts increases. Today we have Personal income, Uni of Michigan and ISM Manufacturing.
Philip Ball | Sales and Trading