Asian markets are very slightly higher this morning, but both Chinese and Japanese equity markets are closed today. A report out over the weekend showed that Chinese corporate profit growth is somewhat stalling, with net income growth for March at 5.3%, after rising of 17% in the first 2 months of the year.

In Europe, equity futures are slightly higher ahead of a key week for central bank announcements, the ECB is widely anticipated to cut rates at their meeting on Wednesday. Today we have German CPI, Eurozone consumer and industrial confidence data due. Moody's affirmed their Baa2 rating on Italy.

US markets were little changed on Friday after quarterly growth came in slightly weaker than forecasts, the Fed will begin their 2 day policy meeting tomorrow. Today we have consumer spending data. 

Philip Ball | Sales and Trading