Asian markets are marginally higher this morning, after a broad sell off yesterday. Data out of Japan showed that large manufacturers are becoming more confident as the Tanken Index came in ahead of forecasts. Elsewhere, India's current account deficit widened less than expected.

European equity futures are pretty much unchanged ahead of German, Italian, French and UK PMI, German unemployment.

US markets closed lower but off session lows, as the Obamacare/debt ceiling uncertainties continued to weigh on sentiment. No agreement was reached last night, leading to the first Government shutdown in 17 years. Today we have ISM manufacturing data. 

Philip Ball | Sales and Trading