Asian markets are mixed this morning, if anything lower for choice on light volume. In company specific news, Sony rose almost 5% on news that hedge fund Third Point have increased their stake in the company.

European equity futures are lower in early trade, ahead of PPI and CPI data out of the UK and German ZEW confidence data.


US markets closed higher but well off session highs last night after better than expected home building data. The Fed will begin their 2 day policy meeting today. Today also look out for CPI and housing start data.

Philip Ball | Sales and Trading