Ahead in the London Session we have top tier data out of the UK at 9:30gmt with Claimant Count Change, MPC meeting minutes, Average earnings index and the unemployment rate.

This is evident in the recent wage component of Employment Cost Index data, average hourly earnings and the Atlanta Fed's wage tracker for job switchers.

The MSCI emerging markets index, however, is currently on a trailing earnings multiple of 11.15 times against an average of 14.53 times over the past four years.