Asia markets are sharply lower this morning on concerns over the Fed pulling stimulus efforts. Manufacturing data out of China also came out worse than expected, with the preliminary PMI figure coming in at 48.3.

European equity futures are sharply lower this morning, down by around 1.5%, look out for German producer prices, French, German and Eurozone PPI and UK retail sales.

US markets closed at session lows, falling sharply following the Fed's comments on QE. They kept monthly asset purchases unchanged but said that they would expect to reduce before the end of the year providing the economy continued to improve. Today we have PMI, leading indicators and Philly Fed data.

Philip Ball | Sales and Trading