Asian stocks are mixed this morning, with South Korea announcing a rate cut, and jobless data out of Australia and New Zealand was better than expected. Elsewhere, Japan reversed gains made earlier in the session, with tyremaker Bridgestone down by around 5% after keeping FY guidance unchanged.

In Europe, equity futures are broadly flat this morning, ahead of the ECB monthly report, UK Industrial and manufacturing production data and the BOE rate decision at midday.

In the US, all major indices closed at record highs as corporate earnings continue to beat forecasts, News Corp notably beat estimates after the close. Today we have jobless data and consumer confidence data.

Philip Ball | Sales and Trading