Asian markets are higher this morning with investors concerns over the Fed reducing stimulus easing and an improvement in Chinese credit markets. The Nikkei is outperforming, higher by over 2%, and also worth noting South Korea is higher by almost 3% as Samsung rises over 5% after several losing sessions.
European equity futures are pointing to further gains this morning, as EU finance leaders agreed on a plan to help failing banks and restore confidence. Look out for French consumer confidence, German unemployment and UK GDP.
US markets closed higher last night, after GDP data came in weaker than expected and in turn eased fears that the Fed would be quick to pullback on stimulus efforts. Today we have initial jobless claims and pending home sales.
Philip Ball | Sales and Trading