Asian markets are weaker this morning, falling back from a four month high, with shares in Japan hurt by falling exporters as the Yen strengthens. Elsewhere, the Indonesian Rupiah has fallen to levels not seen since mid 2009.
European equity futures are higher by around 20 bps, ahead of German IFO survey data out mid morning.
US markets closed lower last night, with financials an underperforming sector. Today, we have Case Shiller House price data due, but a concerning factor for the market right now is the debt ceiling, with the US Senate considering a measure passed on September 20th to cut off funding for Obama's healthcare plans.
Philip Ball | Sales and Trading