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 one point at 6570.
FX and commodities: GBP/USD is down 47 pips at $1.5166, EUR/USD is down 23 pips at $1.3101 and USD/JPY is up 75 pips at Y100.32. Oil - Brent Crude is down 13 cents at $108.52 and gold is trading at $1277, up $1.
Stocks: Anglo American announced a mixed second-quarter production report. 3i Group announced a 5% increase in net asset value on the quarter. London Stock Exchange announced a 39% increase in first-quarter revenue
The day ahead: In Europe, UK retail sales are due out at 9.30am. In the US, jobless claims are due out at 1.30pm. Ben Bernanke of the Federal Reserve is testifying at 3pm, and the Philadelphia Fed manufacturing index is also released at 3pm. (all London times).