Asian markets are lower for the fourth consecutive day, as growth concerns persist with bond yields rising. The Nikkei is down around 2.5%, and elsewhere Indonesia's Jakarta index is lower by 3% stretching its four day loss to 10%.

In Europe, equity futures are lower by around 60bps. Today we have German PPI and Eurozone construction due.

US markets closed at session lows last night as bond yields hit their highest levels in 2 years, as investors continue to focus on the Fed's Jackson Hole meeting at the end of this week, where it is widely anticipated that some form of tapering will be announced. In terms of economic data we have the Chicago Fed National activity Index.

Philip Ball | Sales and Trading