A stronger US dollar, weaker British pound and support for gold underpinned an overnight trading session focussed on corporate earnings. Technology stocks featured. Microsoft rose on better than forecast earnings, but forward guidance from eBay disappointed, and Amazon plummeted in after-market trading on its first profit drop in two years.

Mario Draghi's final meeting as president of the European Central Bank passed without incident.

Gains for European and US indices pushed Asia pacific futures into positive territory. Overnight support for industrial commodities adds to the current risk-on stance. However safe haven asset action gave signs that not all investors are convinced. Bonds rallied and gold rose above $1,500, despite the stronger greenback.

The dual listed medical device manufacturer Resmed is in focus this morning after its US unit posted Q1 results. Earnings were around 6% ahead of estimates but the market reaction is less predictable after a sharp share price pull back from recent highs.