Asian markets are softer this morning, with China hardest hit around 1% lower after preliminary manufacturing data released came in lower than expected. Elsewhere, India's central bank announced measures to tighten access to cash.

European equity futures are marginally lower, ahead of French, German and Eurozone PMI data and Italian Retail sales.

US markets briefly made fresh highs, but closed slightly lower in yesterdays session. Apple reported better than expected earnings after last nights close. Today we have US new home sales and earnings from General Dynamics, Northrop Gruman, Boeing, Moody's, Ford, Visa, Caterpillar and Facebook.

Philip Ball | Sales and Trading