The Asian session has not been too kind to the market this morning, forcing the Nikkei to take a step back from the recovery, Gold and Silver broke down even lower on the back of the increase in Bond yields as the continued risk off approach is taken by investors.

Bitcoin also took a bit of a step back as it hit an all time high yesterday as it consolidated in this morning's session.

Brent made a strong retracement as the Oil Plants reopen as the Big Freeze continues in Texas, with concerns raised on when demand will pick up as rolling blackouts and water shortages continue throughout Texas.

Today is very much a PMI day in Europe and the UK as data is being released throughout the morning. The UK also has Retail Sales being released to kick off the day. The US session also has PMI figures being released this afternoon.