Asian markets are mainly higher, boosted by better than expected economic data out of the US yesterday. China is the loser of the day around 1% lower, having rallied hard off the lows late in yesterdays session.

European equity futures are around 20 bps firmer, ahead of German consumer confidence and French GDP data.

US markets closed higher last night after better than expected durable goods orders and housing data. Today we have Q1 GDP data, with a consensus at 2.4%.

Precious metals are lower amid concern of the Fed paring stimulus efforts, with gold momentarily breaching the key $1250 level.

Philip Ball | Sales and Trading