They were down roughly 0.3% earlier in Asia trading but have kept largely steady in European morning trade thus far. Both Nasdaq futures and Dow futures are also up 0.1%, reflecting a more tentative mood overall I would say. There will be a couple of modest earnings releases coming up but all eyes will be on Microsoft after the close: Earnings maketh the market

Besides that, investors will have to continue the waiting game ahead of the BOJ and Fed meetings tomorrow. Don’t forget that it is also NFP week, so the relevant figures from the US are also on the radar this week.

This article was written by Justin Low at www.forexlive.com.