Asian markets are mainly firmer this morning with the Yen close to breaking 100 versus th dollar as G20 members did not mention that the country's stimulus efforts were problematic. The Nikkei is up around 2%, whilst China's Shanghai Composite is around 0.5% lower following the weekend's earthquakes.

In Europe, equity futures are higher by around 50bps, ahead of Eurozone consumer confidence data.  Fitch cut their rating on the UK to AA+ from AAA reflecting weaker economic and fiscal outlook.

In the US markets closed Friday's session at day's highs and futures are around 50bps firmer in early trade today. Today we have Chicago Fed and existing home sales, and earnings from Halliburton (57c) and Caterpillar ($1.38).

Philip Ball | Sales and Trading