Asian markets are lower this morning with bourses looking set to post the first monthly decline since August. The Nikkei is particularly hard hit this morning, down by over 4% with defensive sectors hardest hit.

European equity futures are lower by around 30bps  after profit taking pushed markets lower yesterday. Today we have a host of confidence data out of the Eurozone.

US markets were lower yesterday, but off session lows as support at the 1640 level on the S&P held. Futures are little changed ahead of key GDP data due out later today, consensus is for 2.5% growth.

Philip Ball | Sales and Trading