Asian markets are marginally lower this morning on profit taking, with Korea's Kospi index the biggest regional loser with Samsung lower by almost 3%.

European equity futures are lower by around 30bps ahead of UK PPI and CPI, German ZEW data.

US markets closed firmer in yesterday's session ahead of key FOMC meetings over the next couple of sessions, consensus is for monthly asset purchases to be reduced by $10bn. Also expect  CPI and NAHB housing data.

Philip Ball | Sales and Trading