Asian markets are mainly firmer this morning with Japan a relative underperformer after comments from a former central bank governor suggested inflation targets will be difficult to meet.

European equity futures are slightly higher as global markets benefit from better economic data. The Euro is slightly lower in early trade as concerns over the Cypriot "bail-in" continue to weigh on sentiment. Today we have German consumer confidence, French and UK GDP, and host of broad Eurozone confidence indicators.

In the US markets closed at session highs with the S&P narrowly failing to close at all time highs, after better than expected durable goods and home sales orders.

Philip Ball | Sales and Trading