Shares in Tokyo led Asian markets down in early trade on Tuesday after US shares closed lower as investors reacted to further falls in the price of oil.

China's December trade figures have beaten expectations with exports up 9.9% and imports down 2.3% from a year earlier.

Morrisons reports a fall in sales and says chief executive Dalton Philips is to leave the troubled supermarket after five years in charge.

Energy firm E.On is cutting standard UK gas prices by 3.5%, equivalent to £24 off an average annual household gas bill.

The inflation rate dropped sharply to 0.5% in December, its joint lowest on record, as petrol prices fell.

Shares in bakery chain Greggs jump 6% after it says strong trading over the Christmas period means profits will be above expectations.

Chinese tech giant Huawei says its operating profit in 2014 rose by about 17% from the previous year.

Debenhams shares fall 8% as the group's overall fourth-quarter performance declines despite record Christmas sales.