Futures took off earlier today, driven by a round of risk on exhuberance starting in Asia, where bourses were up around a third of a percent this morning. Gains are being led by the Shanghai Composite (+1%), Nikkei (+0.9%), HSCEI (+0.5%) and KOSPI (+0.3%). The Indonesian rupiah is down 0.6% today after the country’s central bank said that the current account deficit widened to around 4% in Q2, compared with around 2% in the prior quarter. The Singaporean dollar is also slightly weaker (-0.1%) after Singapore reported a weaker than expected Q2 GDP number (-0.8% QoQ saar vs +2.4% expected).