Asian markets are sharply higher this morning, with the Nikkei almost 4% higher after GDP data came in better than expected at 4.1% and better employment data. China released slightly weaker than anticipated industrial production and export data.

European equity futures are broadly flat after indices posted impressive gains on Friday after encouraging employment data out of the US. Today we have French and Italian Industrial production data. Meanwhile, a leading judge has warned that crucial hearings on the eurozone's bailout policies at Germany's top court this week could set in motion events that could force Germany's exit from the Euro.

US markets closed at session highs on Friday after better than expected non farm payroll data. Crucially, from a technical perspective the S&P closed back above the 1640 level. 

Philip Ball | Sales and Trading