Asian markets are firmer this morning, dominated by the performance of the Nikkei which is higher by around 3%, somewhat catching up with global markets after being closed, Toyota rose over 4% ahead of earnings tomorrow. Elsewhere, the RBA cut rates to a record low of 2.75%.

In Europe, futures are little change ahead of German factory orders and French industrial production.

US markets closed for the most higher yesterday, with the S&P making a fresh intraday high. Futures are currently lower by around 20bps, Disney (77c) and Emerson (78c) are among names reporting.

Philip Ball | Sales and Trading