Asian markets are lower this morning falling to a 6 month low, amid concerns of the US Fed paring stimulus and a Chinese credit crunch. China's Shanghai Composite was hardest hit overnight falling over 5%.

European equity futures are lower by around 60 bps, after indices posted heavy losses for last week.

US markets rallied off session lows on Friday, but ended the week sharply lower following comments out of the FOMC. We should have further clues on the economy this week, today we have Chicago and Dallas Fed activity indices.

Philip Ball | Sales and Trading