This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
This morning in London: The FTSE 100 is currently down ten points at 6326.
FX and commodities: GBP/USD is down 14 pips at $1.5585, EUR/USD is up five pips at $1.3245 and USD/JPY is down 27 pips at Y99.71. Brent Crude is up 30 cents at $103.82 and gold is trading at $1412, down $2.
Stocks: Bellway upped its growth rate to 7% for 2012/2013, compared with a 5% rate the previous year.
The day ahead: In Europe, UK consumer inflation expectations and trade balance are due out at 9.30am, followed by German industrial production at 11am. In the US, non-farm payrolls and unemployment will be announced at 1.30pm (all London times).