Opening calls are indicating a flat open this morning.
The Hang Seng and Nikkei averages are trading higher.
The Dow Jones industrial average climbed 2.6% and the S&P 500 added 34 points, following positive Black Friday sales report and optimism towards the European Debt crisis solution.
At the Eurogroup meeting today euro zone finance ministers are expected to agree on details to leverage the European Financial Stability Facility (EFSF) as well as approve the latest Greek bailout payment.
Reports have suggested leaders could unveil their plans for a fiscal union for the 17 member states at the meeting.
In the UK, chancellor George Osborne will unveil his eagerly awaited Autumn statement, which is expected to outline the government’ plans to boost growth and head off another recession.