Asian markets are higher this morning as investors bet on further stimulus measures from central banks. Today the Australian central bank kept their rates unchanged and reiterated the potential for further cuts.

In Europe, equity futures are pointing to a rise of around 40bps ahead of a host of PMI datapoints from across Europe along with Eurozone retail sales.

In the US, equity markets rallied from a lower open to close near session highs as Fed vice chairman Janet Yellen said that they should continue with their monthly $85bn bond buying program. Today the main economic data due is ISM non manufacturing.

Philip Ball | Sales and Trading