Asian markets are mixed this morning, initially led higher by Japan, as the Yen weakened further. China is underperforming after data showed that the country's Indutrial output figures showed the weakest start to a year since 2009. Elsewhere in the region the South Korean Won fell as tensions with North Korea rose.
In Europe, equity futures are pointing to a slightly higher open ahead of German trade balance data, French Industrial production and Italian GDP numbers. Fitch downgraded Italy late on Friday night to BBB+, based on the inconclusive election results, and Spain may cut their 2013 GDP forecast to a 1% contraction.
US markets rallied on Friday on better than expected non farm payroll data to reach fresh all time highs. This week we have some crucial retail sales data.
Philip Ball | Sales and Trading