Asian markets are firmer this morning touching their highest levels in 2 years after strong US markets with the Dow reaching an all time high. Sharp rose 19% after announcing that Sansung was about to make a sizeable investment, and on the macro front Australia announced a 0.6% growth in GDP.
European markets yesterday posted strong gains and futures this morning are little changed. Today we have Eurozone GDP data.
US markets yesterday rallied on strong services data, with the ISM non-manufacturing number coming in at 56, showing a stronger expansion than forecasted. For today, look out for the ADP employment numbers ahead of the crucial non farm payrolls on Friday.
Philip Ball | Sales and Trading