Asian markets mainly lower following the lead of global markets, as commodities continue to trade lower, copper is off around 3% this morning. LG Displays, which supplys touch screens for Apple's iPhone fell over 4% as other suppliers highlighted an inventory glut pointing to falling sales.

In Europe, equity futures are little changed after suffering losses yesterday on growth concerns. Today we have UK retail sales.

In the US, markets closed lower but off session lows with corporate earnings disappointing. Today we have earnings from Morgan Stanley (56c), Verizon (66c), Microsoft (68c) and Google ($10.67) among many others, and jobless claims on the macro fornt.

Philip Ball | Sales and Trading