Asian markets firmer this morning as investors place bets that global banks will increase stimulus efforts. South Korea announced a better than expected quarterly growth of 0.9%. Camera maker, Canon, was down by around 4% after missing on quarterly earnings.
In Europe, equity futures are slightly higher, ahead of GDP numbers out of the UK. Moody's said it remains concerned about Spain's repeated upward revisions to budget deficit outcomes.
US markets were mixed last night but closed towards session lows. Proctor and Gamble closed down around 5% after a disappointing earnings report. Today we have jobless claims data and earnings from Dow Chemical (61c), Exxon ($2.04), Parker Hannifin ($1.67), ConocoPhillips ($1.42) and Colgate ($1.31).
Philip Ball | Sales and Trading