Asian markets are mixed this morning with volume light again. Minutes from the latest BOJ meeting, highlighted that the economy is picking up and will return to moderate growth.

European equity futures are little changed ahead of UK unemployment data, Eurozone construction output. German press is speculating that Greece faces upto a 10bn Euro funding gap, citing an unidentified EC official.

US markets closed modestly lower in yesterdays session, ending a run of 8 days of gains. Today Bernanke will begin a 2 day set of meetings to present the Fed's semi annual monetary policy report. We also have Housing starts data along with earnings from Bank of America, American Express, IBM, Intel and Ebay.

Philip Ball | Sales and Trading