Asian markets are mixed this morning, with South Korea's Kospi index the big loser down around 70bps with Samsung 3% lower. The BOJ rejected a call for an immediate start to open-ended asset purchases, which was widely expected.

In Europe, equity futures are looking slightly higher ahead of key interest rate announcements from the ECB and BOE. Cable traded below 1.5 as an increase in the UK's asset buying plan remains a possibility. Meanwhile, S&P raised Portugal from negative to stable. German factory orders are out mid morning.

In the US the Dow made new fresh highs in yesterday's session after a better ADP employment report. Today we have trade balance and jobless data.

Philip Ball | Sales and Trading