Asian markets are firmer this morning, nearing levels not seen in 5 years after better than expected economic data out of the US on Friday. The Yen traded is trading above 103 and with it the Nikkei is higher by around 1.5%.

China's Shanghai composite is higher with property shares outperforming after a report showed new home price rises in 68 out of 70 regions.

European equity futures are pointing to a higher open, up around 50bps. Today look out for Italian industrial sales and orders.

US markets closed at record highs on Friday after stronger consumer sentiment and leading indicators data. Today we have the Chicago Fed National activity report.

 

Philip Ball | Sales and Trading