Asian markets are mixed this morning but off lows made earlier in the session, as growth fears remain following disappointing growth data out of China yesterday. The Yen is weaker to stand above 97 after an aggressive move higher yesterday. The RBA reiterated its stance on further cuts given few inflationary pressures, with the Aussie dollar relatively high.

In Europe, equity futures are lower by around 40bps, with UK and Eurozone inflation data due along with German ZEW surveys.

In the US, equity markets closed sharply lower at session lows, on concerns of global growth and the Boston bombings. Today, Blackrock, Coca Cola are due to release earnings. Also look out for US CPI and housing data.

In commodities, Gold was lower again in early trade after yesterday's sharp move lower yesterday, after the CME raised margin requirements for precious metals. Having traded around 1.5% lower on the session, Gold has since rallied to trade higher by 2%.

Philip Ball | Sales and Trading