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 up 17 points at 6260.
FX and commodities: GBP/USD is down four pips at $1.5258, EUR/USD is up seven pips at $1.3047 and USD/JPY is up 61 pips at Y98.95. Oil - Brent Crude is up 22 cents at $103.05 and gold is trading at $1204, up $4.
Stocks: Serco announced that first-half revenues will be ahead of expectations.
The day ahead: In Europe, the UK index of services is due out at 9.30am, followed by Italian CPI at 10am. In the US, Jeremy Stein of the Federal Reserve is due to speak at 1am. Chicago PMI is due out at 2.45pm, followed by University of Michigan consumer sentiment at 2.55pm. (All times London time.)