Asian markets are higher this morning, China is up for the first time in five days after releasing a report showing inflation has eased from a ten month high. Elsewhere, Australian business confidence rose last month.

European futures are indicating around 50bps firmer this morning ahead of trade balance reports out of Germany, France and the UK, and UK Industrial output numbers.

US markets closed at session highs last night ahead of optimism on corporate earnings, as Alcoa released their earnings after the close, with an EPS after exceptional charges of 11 cents. Today we have wholesale inventory data due and NFIB small business optimism.

Philip Ball | Sales and Trading