Asian markets are lower this morning, following the lead from US markets selling off in yesterday's session. The Nikkei is leading the way, lower by around 2.5%. Australia released their quarterly growth figures, showing a 2.5% gaining, its lowest reading since 2011 and lower than forecasts.

European futures are lower by around 50bps, ahead of PMI services data from across the Eurozone along with broad GDP and retail sales.

US markets closed lower yesterday but off session lows ahead of key economic data in the form of the ADP employment report, factory orders and ISM non manufacturing.

Philip Ball | Sales and Trading