Asian markets are mixed this morning, ahead of key US data and the Fed 2 day meeting. On Japan's busiest reporting day the Nikkei continued its recent weakness falling by just over 1%, whilst elsewhere China's Shanghai is slightly higher.

In Europe, equity futures are around 30bps lower with more key earnings due today. We also have German retail sales and unemployment, French PPI and consumer spending

US markets were pretty flat on the session yesterday ahead of key GDP data due, expectations are for a Q2 reading of 1%, along with ADP employment and the Fed rate announcement. Amongst others, Mastercard will release earnings today.

Philip Ball | Sales and Trading