Asian markets are firmer this morning as investors concerns over the Fed tightening eased somewhat after disappointing data. The Aussie dollar traded lower against most currencies today as the RBA left rates unchanged at record lows.

In Europe, equity futures are looking around 40 bps points firmer, ahead of UK PMI construction data and Eurozone PPI.

US markets closed near session highs, with the S&P managing to reclaim the 1640 level. The move was prompted by optimism that the Fed would leave existing stimulus in place after disappointing manufacturing data released yesterday. Equity futures are slightly lower ahead of US trade balance data.

Philip Ball | Sales and Trading