The Opening Belle

Asian stocks have taken a hit following yesterday's large risk off moves in the U.S. & Europe.

U.S. futures are well in the green however. BTD or a dead cat bounce?

The European panic seems to have eased too.

Right, onto the overnight news.

BOJ cuts growth forecast but flags policy pause on recovery prospects

The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.

The central bank, however, warned

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Tim Vollans

• Spain

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