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Asian markets are mixed this morning with the Nikkei a standout loser down almost 2% as Japan's finance minister said that current levels of economic growth warranted an increase in a sales tax. Elsewhere, the Indonesian central bank are due to announce their interest rate decision with no change expected.

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US markets rose to fresh highs yesterday after releasing stronger than expected manufacturing data. Today we have the key non farm payroll number with consensus looking for 185k, Factory orders will also be of significance.

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European equity futures are higher by around 70bps, boosted by the China data. Today we have PMI data out of Germany, France, Italy and the UK, and later we have rate decisions from both the BOE and ECB.

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Japan's busiest reporting day the Nikkei continued its recent weakness falling by just over 1%, whilst elsewhere China's Shanghai is slightly higher

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Asian markets are sharply lower this morning, with Japan's Nikkei and China's Shanghai Composite both lower by around 2% or more, on concerns over corporate growth and a report out of China that the National Audit Office has been asked to file a report on local government debt.

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European equity futures are slightly firmer, buoyed by relative strength out of the US markets. Today we have French Consumer confidence and German import prices.

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Asian markets are softer this morning, with China hardest hit around 1% lower after preliminary manufacturing data released came in lower than expected.

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US markets closed modestly lower in yesterdays session, ending a run of 8 days of gains. Today Bernanke will begin a 2 day set of meetings to present the Fed's semi annual monetary policy report. We also have Housing starts data along with earnings from Bank of America, American Express, IBM, Intel and Ebay.

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In Europe, equity futures are little changed ahead of some key economic data. The UK will release CPI and RPI, the Eurozone CPI, whilst there are ZEW surveys out of Germany.

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Asian markets are firmer this morning, buoyed by Chinese Q2 GDP data which came out in line with forecasts at 7.5%. With that China's Shanghai Composite is higher by around 1%.

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Asian markets are firmer again this morning, on optimism over US job data due today, and comments from the ECB's Draghi that they will keep interest rates low for an extended period. The Nikkei is almost 2% higher and elsewhere in South Korea Samsung fell by around 3% after releasing profits which missed forecasts.

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Asian markets are somewhat mixed this morning, with Japan's Nikkei slightly firmer with a weaker Yen but China lower by around 1% after the lowest PMI manufacturing reading for 4 months.

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European equity futures are pointing to further gains this morning, as EU finance leaders agreed on a plan to help failing banks and restore confidence. Look out for French consumer confidence, German unemployment and UK GDP.

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Precious metals are lower amid concern of the Fed paring stimulus efforts, with gold momentarily breaching the key $1250 level.

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Asian markets are lower again this morning as the credit crunch in China continues to dominate thoughts. China is almost 5% lower today after falling by a similar margin yesterday, falling to its lowest level in 4 years.

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