Asian markets are mixed this morning, somewhat consolidating after strong gains over the past couple of weeks. In Japan, Sharp and Mitsubishi were sharply lower after talk of share sales, meanwhile Australia released weaker than expected employment data.

In Europe equity futures are higher by around 20bps, ahead of Bloomberg European economic surveys, EU CPI and Industrial production data.

US markets closed at session highs last night on the back of a better global macro picture. Today we have the last set of employment data due before the next Federal reserve meeting at which some expect some form of tapering. Yesterday, a notable mover was Apple lower by almost 6% as new product releases fall short of expectations.

Philip Ball | Sales and Trading