Asian markets are sharply lower this morning, with Japan's Nikkei and China's Shanghai Composite both lower by around 2% or more, on concerns over corporate growth and a report out of China that the National Audit Office has been asked to file a report on local government debt.
European equity futures are higher by around 30bps, following a rally in US markets late in Friday's session. The ECB and BOE are due for key meetings later this week.
US markets rallied strongly off session lows on Friday, to close slightly higher. The Fed will begin their 2 day meeting tomorrow, ahead of key employment data due later in the week, and today we have pending home sales.
Philip Ball | Sales and Trading