Asian markets are firmer this morning, buoyed by Chinese Q2 GDP data which came out in line with forecasts at 7.5%. With that China's Shanghai Composite is higher by around 1%.

European equity futures are higher by around 40bps, in the news Fitch downgraded France to AA+ from AAA, in line with other major rating agencies.

US markets were mainly higher on Friday, with indices looking set to test all time highs in the next few sessions. Today we have Empire Manufacturing, retail sales and existing home sales. Also look out for earnings from Citigroup, with consensus for EPS at $1.18.

Philip Ball | Sales and Trading